Monday 15 November 2010

Debt Write Off

Debt Write OffHMRC have confirmed that it will write off the tax debts of 1.9M cases from tax year 2006/7 (approximately £500M).

For why?

HMRC are of the view that it will be unlikely to be able to collect the money owed before April 2011. At this point the tax debt becomes time barred, as tax underpayments have to be reclaimed within 4 years of the relevant tax year.

These debts have arisen because of errors on the PAYE codes.

Citywire reports that Dame Lesley Strathie will formally confirm this at the Commons Public Accounts Committee this week.

Tax does have to be taxing.

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2 comments:

  1. I am sure the PAC will be delighted (not) with the news. What an embarrassment! Strathie, if she has any decency, should follow what Kenny has done and "go". Failing that, she needs to be removed from office forthwith. The tax paying public (and HMRC staff) have had quite enough of her (and her cohorts') incompetence.

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  2. None of these arseholes have even the slightest conception of what the world shame means. If Strathe was found guilty of murder she would still expect to keep her job. What are the useless HOC scum about that they allow such wastes of space to "lead" the largest Dept.

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