Taxman defends debt retrieval priorities

[Monster Munch]

Interesting:

http://www.accountancyage.com/accoun...rieval-4727120

[thunderlizard]

but if they said anything other than that, they'd need their heads examining.

[Menelaus]

VERY interesting.

[Clippy]

How the fook can there be a outstanding tax debt of £25.8bn?

It must include fraud e.g VAT carousel fraud.

If so, is this type of 'debt' really recoverable?

[Emigre]

How the fook can there be a outstanding tax debt of £25.8bn?

It must include fraud e.g VAT carousel fraud.

If so, is this type of 'debt' really recoverable?

Its actually only £1000 per member of the working population and there's no comment on how late it is, or whether part of it arises from HMRC's fanciful assessments. Its not split by different tax so we don't know if its individuals or corporates.

You're right to question whether it is all recoverable. Doubtless amounts included on closure notices for those affected by Section 58 are included, yet that is the subject of a series of court cases the final result of which is unlikely to be determined for years to come.

I'm sure if we were to see an analysis of the number we would see the full extent of HMRCs incompetence.

[xoggoth]

Fanciful assessments is right. If they think you have claimed £500 you shouldn't have they will just add up every expense in the accounts and call that an assessment even if they have already wasted 2 hours of your time establishing the facts.