HMRC Signs Contracts with Debt Collection Agencies

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HMRC has announced that contracts have been signed with four commercial debt collection agencies (DCAs) with the objective of recovering around £140 million of tax debt during 2010/11. This included outstanding PAYE tax and NICs owed by employers.
The June 2010 Budget announced that, following a successful pilot, DCAs would be used to pursue lower value debts, operating under industry and HMRC standards.
Before a debt is referred to a DCA, HMRC will write to the debtor providing a final opportunity to pay or reach an agreement with the department.

Further information:

Debt collection agencies will be used by HM Revenue & Customs (HMRC) during 2010-11 to collect an additional £140m of tax debt

This entry was posted on Tuesday, August 3rd, 2010 at 16:41 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.