Measure
The government have announced an additional £140m of funding to improve the management of tax debts.
The purpose of this is said to be to expand HMRC’s existing capacity to support individual and corporate taxpayers to repay amounts due, whilst also seeking to ensure that taxes due are collected, through the use of additional and flexible third-party debt collection capacity.
Individuals and businesses who may have difficulty paying their tax liabilities at the required time.
The government state that this investment will be effective from 1 April 2025.
To the extent that it will ensure that taxes are collected in a timely manner, this is a welcome measure; however, it is important that taxpayers are able to obtain additional and tailored support from Debt Management during times of difficulty.