ao link
0 £0.00
This item was added to your basket
Credit Strategy homepage
Intelligence, Insight and community for responsible professionals in credit

HMRC to fire up collections function with more than 1,000 new staff

HMRC will take on 1,300 staff as part of government plans to expand the tax authority’s collections and compliance teams, Credit Strategy has learned.

This investment is forecast to bring in £4.4bn of additional tax revenue up to 2024/25 by enabling HMRC to further reduce the tax gap through additional compliance activity and expanding debt collection capabilities.


According to government projections, it will bring in an extra £55m this year, £280m next year, £855m in 2021/22, £1.06bn in 2022/23, £1.07bn in 2023/24 and £595m in 2024/25.


The government is investing an additional £63m in HMRC in 2020/21 to raise additional tax revenue and collect more tax debts.


The Investment is to ensure HMRC can continue to collect debts, while upgrading its IT systems to keep pace with transformation in the department.


It follows an additional £12.5m given to HMRC in the budget to begin work "immediately" on implementing breathing space.


Breathing space is set to be introduced from 2021 and will provide those in problem debt 60 days’ protection from enforcement action by their creditors and the charging of further interest and fees on their debts, including debts owed to central and local government.

Please login to continue reading this article.

Not a member?

Become a member

FREE registration. No credit card required

Register now
  • Stay up-to-date with industry news and appointments
  • Hear about events first
  • Read 1 free Premium article per month

Become a premium member

From as little as £3.48 per week

Become Premium
  • All the perks of a standard member plus:
  • Access to the entire Credit Strategy website
  • 12 months subscription to Credit Strategy Magazine
  • 25% discount to all conferences
  • Exclusive access to Premium Member only roundtables
  • 50% off award entry fees


Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback – an online news and information service for the UK’s commercial and consumer credit industry. is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group