UK Government asks for advice on its tax debt collection
Request for debt collection advice
HMRC has made a public announcement asking for advice on modernising and improving its tax debt collection from UK businesses. The consultation is described as:
“The government is considering how HMRC can modernise its collection of tax debts to reflect the changing nature of the economy and new business practices. The call for evidence also seeks views on HMRC’s approach to the small minority of business taxpayers who do not engage with HMRC and hold off paying their tax for as long as they can, forcing HMRC to resort to enforcement action.”
The statement, published on 30 November 2021, asks for suggestions on improving its current methods of tax debt collection, but will not affect those companies that are in temporary financial difficulty and need support from HMRC, “… to get back on a temporary financial footing”. The consultation closes on 22 February 2022.
After a turbulent time for UK businesses due to the coronavirus pandemic, this consultation from HMRC may be seen as an opportunity to better support businesses, many of whom are struggling with unpaid invoices.
