HMRC facing pressure to improve Debt Collection
UK debt collections
NOVEMBER 24, 2021
In the 13 years prior to the 2020-21 financial year, HMRC’s overdue debt averaged £18.1 billion, peaking in 2008/09 following the financial crisis, where the debt level approached £26 billion. billion in 2020/21. The current level of HMRC debt has ballooned to £57.5 billion, however, a 203% increase. billion in 2019/20 to £1.96
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