"The department paid TDX Group £5,289,528.65 in February 2026, marking a leap of just over £2m on January's bill of £3,236,829.26."
"For TDX Group, the boom in government instructions has translated into healthy returns, with turnover climbing from £63.2m to £79.7m over the past two financial years."
"The Chancellor confirmed that 5,000 additional HMRC compliance officers would be phased in by 2029-30, expected to deliver around £7.5bn a year in extra yield."
"These figures will rub salt in the wound of struggling businesses forced to tackle higher taxes, operating costs and softer consumer demand."
HMRC's expenditure on private debt collectors has significantly increased, reaching over £5.2 million in February 2026. This rise is attributed to the Chancellor's push for tax compliance amid stagnant wage growth. TDX Group, the primary recovery partner, has seen its turnover and profits grow substantially due to government contracts. The Chancellor's plans to hire additional compliance officers are expected to generate significant revenue for the Treasury. Small businesses are particularly affected by these developments, facing higher taxes and operational costs.
Read at Business Matters
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