tax credits
RSS tax credits"Nightmare" tax credits system slammed by MPs
News MPs have slammed the Inland Revenue's "nightmare" tax credits system and said it may have been "fatally undermined by its intrinsic complexity". A report by parliamentary watchdog the Public Accounts... [07 Sep 2005]
£71m clawed back from IT tax credits chaos
News Difficulties with the system resulted in HMRC overpaying £6bn in tax credits during the three years after its introduction in 2003. In a settlement first announced in 2005, EDS agreed to pay £71.25m to... [06 Jan 2009]
Fraud-hit tax credits website to remain closed
News The tax credits website closed down by ID fraudsters in 2005 will not be back online before next summer at the earliest - and may never be reopened, the government has admitted. The HM Revenue & Customs... [19 Mar 2007]
Leader: The customer must come first
Leader These are two of the questions that - we hope - the government will be pondering following some more fierce criticism of the technology behind its flagship tax credits system. The tax... [22 Jun 2005]
Taxman admits to "virulent" mass ID fraud
News The government has said it still does not know the full extent of the tax credits ID fraud that has so far resulted in 13,000 benefits staff having their personal details stolen and used to make false... [16 Dec 2005]
Taxman to get software R&D tax break help
News Chancellor of the Exchequer Gordon Brown introduced the R&D tax credits in 2002, which allow businesses to deduct their tech R&D costs from the amount they pay in tax on their profits.... [27 Sep 2006]
Mixed reception for new R&D tax credit
News The government's decision to redefine the rules governing research and development (R&D) tax credits has been welcomed by some in the high-tech sector, but others have claimed that the changes don't go... [10 Apr 2003]
Tax rules could damage UK technology innovation
News The UK's IT industry is calling for an extension of the qualifying rules for tax credits on research and development (R&D) following a consultation document that has been issued by the chancellor, Gordon... [14 Jul 2003]
Tax credit IT under fresh attack
News The government is facing renewed criticism of the design and implementation of the IT systems behind its flagship tax credits programme. The processing of tax credits... [22 Jun 2005]
Tax credit fiasco: 8,800 identities stolen
News The government has admitted losing £2.7m to fraudulent claims through a hole in the tax credits system as details emerge of further employee identity theft. Her Majesty's Revenue and Customs (HMRC) was... [19 Jan 2006]
What the Budget means for the tech industry
News More than 6,000 claims for the R&D tax credits were received between 2004 and 2005, amounting to nearly £600m of government funding for business R&D during that period, according to Treasury figures.... [22 Mar 2007]
Tax payer still owed millions by EDS
News MPs have called on the government to take legal action against outsourcing giant EDS to recoup the millions of pounds the company still owes over the tax credits IT fiasco.silicon.com Public Sector... [05 Feb 2008]
Campaign on for training tax-breaks
News The 'Time to Train' campaign will lobby government to give tax credits to companies which give staff time off for training. He said: "Tax credits will help increase... [22 Jun 2006]
"Nightmare" tax credit IT system cost £236m
News The government has revealed that a total of £236m - exclusive of VAT - has been paid to both EDS and Capgemini for the IT systems behind the disastrous new tax credits system. The tax... [27 Oct 2005]
Criminals make 20,000 false tax credit claims
News The huge rise in fraud attempts forced HMRC to close the online tax credits portal at the beginning of December last year after it discovered personal details of 13,000 civil servants working at the... [16 Jan 2006]
