HMRC reveals debt collection figures

[Still Waving]

Debt collection agencies recovered £464,058,131 on behalf of HM Revenue & Customs during a two-year contract, Credit Today can reveal.
HMRC employed ten private sector collection agencies to recover between £500m – £1.5bn of outstanding tax debt on a two-year contract worth up to £70m in fees which started on 1 July 2011.
The agencies collected £464,058,131 between 1 July 2011 and 26 July 2013.
The recoveries were made from 1,579,845 individual accounts.
HMRC has extended its contract with the agencies to October 2014, while debt collection agency Credit Solutions and bailiff firm Equita have also been added to the panel, taking the total number of private sector agencies pursuing unpaid tax debt on behalf of HMRC to 12.
The taxman also has the backing of government to go after unpaid tax debt in a more aggressive manner, with chancellor George Osborne announcing in this year’s Budget that HMRC will increase its use of the controversial enforcement method of charging orders to recover unpaid tax.
Readmorehere......

[vossy]

Re: HMRC reveals debt collection figures

WEll lets face it, his family and that of his cronies will know where to hide the money, all you have to do is find out which offshore haven they use and put yours there too - simple really. They will never come looking for you then.