Finance Monthly - December 2021

Finance Monthly. Bus i ne s s & Economy 25 Her Majesty’s Revenue & Customs (HMRC) has released its Annual Accounts for the financial year 2020- 2021. As Kroll predicted in its last HMRC update, overdue debt has increased significantly to £58bn. This represents a record- breaking level of debt for HMRC to collect in a period of financial recovery, with the UK besieged by multiple macro and local economic challenges. Sushil Patel explores them over the next couple of pages. Debt at an All-time High HMRC Annual Report and Accounts 2020/21 - Sushil Patel Director of Restructuring Advisory at Kroll