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HMRC

BDO warns HMRC still has ‘a mountain to climb’ to collect £48bn in unpaid taxes

The total debt comprised £7.8bn of ‘managed debt’ and £40.3bn in debt available for pursuit

BDO has warned there is still “a mountain to climb” to collect £48bn in unpaid taxes, after HMRC announced the interest rate applied to the late payment of tax rises to 7.5% today (11 July 2023), the highest level in 15 years.

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