Tech Daily

News | Analysis | Comment | Features | Reviews

Montagu faces grilling over Pensions debacle

Sir Nick Montagu, chairman of the Inland Revenue, will face the wrath of MPs over the massive pensions cock-up, when he appears before a Treasury sub-committee on the 18 June.

Larry Schlesinger, Accountancy Age 16 May 2003
Link: Tax gaffe leaves Revenue red-faced

It is likely to be a particularly unpleasant experience for Sir Nick, with the Revenue already under fire because of the delays and hold-up surrounding the payment of child tax credits.

Sir Nick will have to explain how the Revenue failed to remind as many as 13 million people that they are not paying enough towards their state pensions, an error which goes back over a period of six years.

This means that millions of workers, many of whom may now be retired, will now have to pay top-up fees to safeguard their pensions. An estimated 200,000 face having to pay as much as £1,500 to hold onto the £77.45 weekly benefit.

See also:

Chairman of the Inland Revenue, Sir Nick Montagu, will come under intense pressure today as he is once again grilled by Treasury Select Committee MPs.  18 Jun 2003
A marked increase is set to take place in the number of prosecutions against those that defraud the government's new tax credit system, according to Inland Revenue chairman Sir Nick Montagu.  12 Jun 2003
exclusiveInland Revenue chairman Sir Nick Montagu has come out fighting following press criticism of his handling of a controversial PFI deal, which saw £220m of property sold to a company registered in the tax haven of Bermuda.  22 May 2003
The Inland Revenue was today told to shore up efforts to tackle the threat of tax fraud by increasing their prosecution levels and educating the public.  28 Feb 2003

All Personal Taxation

Like this story? Spread the news by clicking below:

Post this to Delicious del.icio.us    Post this to Digg Digg this    Post this to reddit reddit!

R E L A T E D   C O N T E N T