SUBSIM Radio Room Forums - View Single Post - Unpaid tax of £1.5bn 'could be written off'

Gerald · 09-23-10, 03:08 AM

Up to £1.5bn of unpaid tax is likely to be written off by HM Revenue and Customs, insiders have told the BBC.

Staff said the vast majority would not be pursued because the cases involved were over two years old and open to legal challenge from taxpayers.

There is a backlog of 7.5 million cases of tax underpayment or overpayment - the latter estimated at £3bn which will be reimbursed - dating back to 2007-8.

http://www.bbc.co.uk/news/business-11383803

Note: 23 September 2010 Last updated at 04:02 GMT

09-23-10, 03:08 AM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	Unpaid tax of £1.5bn 'could be written off' Up to £1.5bn of unpaid tax is likely to be written off by HM Revenue and Customs, insiders have told the BBC. Staff said the vast majority would not be pursued because the cases involved were over two years old and open to legal challenge from taxpayers. There is a backlog of 7.5 million cases of tax underpayment or overpayment - the latter estimated at £3bn which will be reimbursed - dating back to 2007-8. http://www.bbc.co.uk/news/business-11383803 Note: 23 September 2010 Last updated at 04:02 GMT __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie