Growing numbers of individuals and businesses in the UK are delaying paying their taxes as they come under increasing pressure from the credit crunch, it has been reported.
According to the Guardian, the National Audit Office has revealed that this increase has come as consumer debt doubles, although some Britons may find that debt consolidation services are a more effective measure than avoiding tax bills.
However, the report claimed that HM Revenue and Customs (HMRC) would be unprepared to tackle the issue as it had reduced its workforce by 14 per cent over the last two years.
The National Audit Office recommended new measures to allow Britons to pay their debts with a debit or credit card.
Edward Leigh, chairman of the Commons public accounts committee, said: "HMRC has failed to adopt key techniques used by other organisations to improve how they manage debts owed to them."
Meanwhile, the Telegraph notes that Gordon Brown is currently planning to implement a £5 billion public spending cut in order to support proposed tax reductions.
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