eprivateclient

HMRC handed extra £140 million in funding for debt management

News Team, 07/03/2024

In yesterday’s Spring Budget, HMRC was given an extra £140 million in funding for its debt management capability, which is projected to bring in an extra £4.3 billion in unpaid tax by March 2029.

HMRC data shows that delinquent tax debts – those not agreed with HMRC – stood at £39.1 billion at the end of 2023.

Steven Porter, partner and head of tax disputes and investigations at international law firm Pinsent Masons,...


Continue reading this article...


Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@eprivateclient.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM

Subscribers

eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more