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| HMRC receive settlement payment |
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HMRC have confirmed that EDS have paid a lump sum in settlement of issues surrounding the Department's IT system. EDS provided IT services to the Inland Revenue under an outsourcing contract from 1994 to 2004. In November 2005 HMRC and EDS signed an agreement involving an aggregate settlement of £71.25 million for issues experienced in 2003 with the IT system developed by EDS to support the 2003 launch and subsequent operation of tax credits. The settlement agreement included an up-front payment and payments of additional amounts over time. This settlement has now been paid in full as a result of EDS' decision to make a one-off lump sum payment to HMRC. HMRC welcomes this decision by EDS.
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About The Author  Sarah Laing Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences). Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession. |
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Article Added Saturday, 10 January 2009 | 1227 Hits |
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