Saturday 19th May 6:27 AM
H M Revenue & Customs Use New Debt Collection Organisations
In the Emergency Budget it was announced that H M Revenue & Customs (HMRC) would use Debt Collection Agencies (DCAs) operating under industry and HMRC standards to increase HMRC's debt collection capacity and help the pursuit of lower value debts. HMRC will be using DCAs to collect an additional £140m of tax debt. Contracts have been signed with:
• Commercial Collection Services Ltd
• Credit Solutions Ltd
• Fairfax Solicitors Ltd
• iQor Recovery Services Ltd.
Nick Lodge, HMRC Director, Debt Management and Banking, said:
'We are all expected to pay our taxes on time and most do. DCAs give HMRC vital additional capacity, strengthening our ability to pursue the debts of those who decline to pay.
We do understand that some businesses and individuals are not in a position to pay what they owe and we have put procedures in place to help those who are genuinely struggling. But those who simply refuse to pay have to be pursued, and our partnership with DCAs ensures they will be.'
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UPDATED 31/08/10
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