Grahame Morris – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Grahame Morris on 2016-03-04.

To ask Mr Chancellor of the Exchequer, what estimate his Department has made of (a) the amount currently owed to HM Revenue and Customs in tax credit overpayments and (b) the potential effect of the reduction in the income rise disregard on the amount so owed in each of the next three years.

Damian Hinds

The amount of tax credit debt owed to HMRC as at 31 March 2015, the latest available figure, is published in HMRC’s Annual Report and Accounts for 2014-15. The Annual Report and Accounts for 2015-16 are due to be published in June this year.

The impact on new debt from the reduction in the disregard is not available.