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Tag: Lord Howard of Rising

  • Lord Howard of Rising – 2014 Parliamentary Question to the HM Treasury

    Lord Howard of Rising – 2014 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Lord Howard of Rising on 2014-06-10.

    To ask Her Majesty’s Government how much money was repaid to taxpayers as a result of overcharging by HM Revenue and Customs in each of 2009–10, 2010–11, 2011–12 and 2012–13.

    Lord Deighton

    The information is not available as HM Revenue and Customs does not collect information on amounts underpaid or overpaid.

    For many of the taxes that HM Revenue and Customs is responsible for such as income tax and corporation tax, taxpayers are required by law to make payments on account before the ultimate tax liability for the year is known. This can result in overpayments, in which case the taxpayer would be due a refund once the final liability was known. But it can also result in underpayments, in which case HMRC would seek to collect the additional amount owed.

    In either case, interest may be due to HMRC or to the taxpayer according to the statutory rates.

  • Lord Howard of Rising – 2014 Parliamentary Question to the HM Treasury

    Lord Howard of Rising – 2014 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Lord Howard of Rising on 2014-06-16.

    To ask Her Majesty’s Government what value of fines remained unpaid at the end of financial years 2009–10, 2010–11 and 2011–12 (1) in total, and (2) with respect to fines issued in that financial year.

    Lord Deighton

    We have answered this question on the basis that it relates to HMRC penalties.

    1) 2009-10 £0.5 billion

    2010-11 £1.5 billion

    2011-12 £1.5 billion

    Fines and Penalties that remain unpaid are included as receivables and are reported in both the Resource Accounts and Trust Statement.

    2) It is not possible to state the value of fines issued in each of the financial years. The question is very broad in scope and covers the majority of the business of the Department. Some data is held in electronic systems and some in paper files, and records are not kept centrally of the value of fines issued across the Department and across all obligations.