Benefit Overpayments Fall by £100m; Now Lowest Ever

Cash Flow_TaxAgility Accountants LondonDuring the last tax year overpayment error in the benefit system fell by £100 million, according to new figured released by the Government earlier this month.

The Government expects these errors to fall even further come tax year 2014-15 (and beyond) due to the introduction of Real Time Information (RTI) in August, a system (which we first covered back in December of last year) that allows all benefit claims to be cross-checked against earnings and pension income from HMRC the moment each benefit payment is made.
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