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ALLISON PLAGER delves into the Committee of Public Accounts’ report on how HMRC are trying to improve tax collection
KEY POINTS
- Investment in a debt management system is needed.
- DOTAS has helped garner £11 billion in tax.
- Improvements to SDLT administration.
- A pilot scheme has seen tax credit overpayments coded out under PAYE.
In 2008/09 total taxes and duties collected and receivable by HMRC amounted to £435.7 billion according to a report HMRC: Improving the Processing and Collection of Tax: Income Tax Corporation Tax Stamp Duty Land Tax and Tax Credits from the House of Commons’ Public Accounts Committee published on 10 December 2009.
This was £21.7 billion lower than in 2007/08 and included £27.7 billion in tax debtors. The department has made a provision for bad and doubtful debts of £11.2 billion: 40% of the total bad debts and £3.3 billion more than in the previous year.
The report...
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