HM Revenue and Customs by Edward Leigh at Bookstore UAE
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Home > Society and Social Sciences > Politics and government > Public administration > HM Revenue and Customs: tax credits and income tax, fourteenth report of session 2008-09, report, together with formal minutes, oral and written evidence(2008-09 311 House of Commons Papers)
HM Revenue and Customs: tax credits and income tax, fourteenth report of session 2008-09, report, together with formal minutes, oral and written evidence(2008-09 311 House of Commons Papers)

HM Revenue and Customs: tax credits and income tax, fourteenth report of session 2008-09, report, together with formal minutes, oral and written evidence(2008-09 311 House of Commons Papers)


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About the Book

In this report, "HM Revenue and Customs: Tax Credits and Income Tax (HC 311)", the Committee of Public Accounts examines HM Revenue and Customs (the Department) administration of tax credits and also examines the Department on its collection of income tax through Pay As You Earn (PAYE) and Self Assessment. The Department overpaid GBP 7.3 billion in the first four years of the tax credits scheme and underpaid more than GBP 2.0 billion. By the end of March 2008, it had collected GBP 2.7 billion (37 per cent) of this debt and written off GBP 1 billion (14 per cent). Of the total of over payments, GBP 3.6 billion are outstanding and the Department is unlikely to recover GBP 1.8 billion. The Committee sets out a number of conclusions and recommendations, which include: over payments continue to affect many people, including some of the most vulnerable in society. Claimants are not given the support they need in making claims and too much is assumed on the part of claimants in their understanding the complex tax credits system. Tax credits suffer from high rates of error and fraud: in 2006-07 claimant error and fraud is estimated to have led to incorrect payments of between GBP 1.3 1 billion and GBP 1.54 billion. In 2007-08, the Department collected GBP 225 billion in income tax and national insurance contributions through the PAYE system. The planned transfer of the administration of PAYE to its National Insurance Recording System has been delayed, adding to the backlog of tax cases - currently 16 million - that must be checked manually. In 2007-08, the Department collected GBP 30.2 billion (net) through the Self Assessment system. A total of 46 per cent of Self Assessment returns were filed online, significantly exceeding the 35 per cent target. However, some 34 per cent of filed returns may be inaccurate, putting between GBP 2.9 billion to GBP 3.7 billion tax at risk.


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Product Details
  • ISBN-13: 9780215529213
  • Publisher: TSO
  • Publisher Imprint: Stationery Office Books
  • Height: 300 mm
  • No of Pages: 45
  • Sub Title: tax credits and income tax, fourteenth report of session 2008-09, report, together with formal minutes, oral and written evidence
  • ISBN-10: 0215529219
  • Publisher Date: 24 Mar 2009
  • Binding: Paperback
  • Language: English
  • Series Title: 2008-09 311 House of Commons Papers


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HM Revenue and Customs: tax credits and income tax, fourteenth report of session 2008-09, report, together with formal minutes, oral and written evidence(2008-09 311 House of Commons Papers)
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