To ask the Chancellor of the Exchequer what value of overpayments were written off by the Tax Credit Office in each year since 2003.
Overpaid tax credits for 2003-04 were only finally identified after April 2004 when HM Revenue and Customs started finalising awards for that year and the Tax Credit Office (TCO) began considering disputed overpayments in June 2004. The bulk of these disputed overpayments written off were early cases most of which were dealt with in 2005-06.
The total amounts written off by TCO in each year through the disputed overpayment process by applying official error relief is shown in the following table.
|Value of disputed overpayments written off by Tax Credit Office (£ million)|
Figures for 2007-08 are not yet available.