National audit office of UK has reported that that HM Revenue and Customs (HMRC) is owed at least GBP15.1bn in unpaid debt. The report also adds that the Government should revise this responsibility and thus the recovery of tax credit over payments will be the responsibility of the Department for Works and Pensions (DWP).
Related Posts

Estonia approves new tax treaty with the UK
Estonia’s government has approved a draft law to ratify a new income and capital tax treaty with the UK on 15 October
Read More
Heavy machinery trade defence and nomenclature restructuring lead UK tariff activity
The UK Global Tariff saw 165 measures take effect this week across 273 detected change records, balancing targeted
Read More
UK publishes customs assistance agreements with Australia, Bahrain
The UK Foreign, Commonwealth and Development Office published agreements on cooperation and mutual administrative
Read More
UK considers smaller capital gains tax increase
The UK government will not raise capital gains tax to the same level as income tax, although a smaller increase remains
Read More
UK: Britain plans VAT collection rules for online marketplaces
Britain plans to require online marketplaces, including Amazon, eBay and Temu, to collect VAT from business sellers
Read More
UK tariff sees major technical overhaul in electrical machinery, trade defence
After three quiet days, UK tariff activity was defined by two large but highly technical updates. The week’s changes
Read More