HMRC

HM Treasury hit by £62m of late payments

14th September 2026 Commercial Collections and Recoveries | #HMRC#late payments

HM Treasury, the UK’s economics and finance ministry, has recorded more than £62 million in invoices were paid late over the past three years, despite the announcement of the landmark reform to crack down on late payments earlier this year in May. The data obtained via a Freedom of Information request and analysed by the…

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New report says HMRC must learn to reduce Child Benefit fraud and errors

24th June 2026 Consumer Collections | #child benefit#fraud#HMRC

HMRC used Home Office travel data in an innovative attempt to address a major driver of fraud and error in Child Benefit, which totals £270 million annually, but it lacked sufficient governance and risk management and did not consider the impact on claimants, a new National Audit Office (NAO) report finds. In 2021, HMRC identified…

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HMRC fraud and error taskforce to clawback Covid payments launches

4th June 2024 Alternative Business Lending | #fraud#HMRC

The Government has launched a new HMRC fraud and error taskforce in a bid to recover overpayments made to UK taxpayers during the pandemic. The £100 million  Taxpayer Protection Taskforce of 1,200 HMRC staff will combat fraud and aims to recover up to £1.5 billion from fraudulent or incorrect payments for the 2022/23 financial year.…

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HMRC accused of profiteering from self-employed worker rate on late payments

3rd July 2023 Commercial Collections and Recoveries | #HMRC#late payments

HMRC has been accused of profiteering from self-employed workers over the rate it charges on late payments. Analysis shows that while taxpayers have been charged 7% on late payments, those who are owed a refund from HMRC receive interest of just 3.5%. Julia Kermode, founder of IWORK, said “HMRC is profiteering from self-employed workers at…

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