Feeds

Tax dodgers aided by old IT

£11.2bn could be lost

Top 5 reasons to deploy VMware with Tegile

A decision to delay investment in a new IT system means the taxman has a poor grasp of the billions he is owed, according to an influential group of MPs.

The Public Accounts Committee today said some £11.2bn was at risk of being lost to the Exchequer because HMRC deferred buying a new debt management system in favour of "other priorities".

"Weaknesses in the Department's existing systems prevent it from analysing debts by age and value and from calculating a taxpayer's total debts across all taxes," the PAC said.

The MPs recommended HMRC reconsider its decision and replace its debt management system.

"An effective debt management system would improve the Department's ability to recover debt by providing a profile of debt across taxes by age, value and risk of recovery," they said.

"With £11.2 billion at risk of non-recovery, the benefits of investment in a new system could easily outweigh its cost."

The PAC was also critical of a backlog of 17 million Pay As You Earn cases awaiting processing. It said HMRC should aim to clear it by March 2011.

The full PAC report is here. ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.