Feeds

EDS coughs up over Tax Credit debacle

Back to work program

Intelligent flash storage arrays

EDS is to stump up £71.25m to settle its dispute with Her Majesty’s Revenue & Revenue over the disastrous system the services giant built to support the UK’s Tax Credit system in 2003.

EDS said the settlement, under which it will make an upfront payment and hand over “additional amounts over time”, would not impact its earlier financial guidance for Q4 05 or full year 2006.

The system EDS put in place to support the Tax Credit system was widely regarded as a complete and utter shambles. Poor families were overpaid to the tune of £1bn, only for HMRC to claw the money leaving them in worse financial straits than ever.

At the end of 2003, EDS was forced off the contract, although some fingers were also pointed at the revenue itself.

Still, EDS can console itself with the stacks of contracts it has signed with the likes of the UK’s Department of Work and Pensions, Offender Management Service, and the Ministry of Defence.®

Secure remote control for conventional and virtual desktops

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.