HM Revenue and Customs
 Printable version
|
 E-mail this to a friend
|
HMRC and EDS confirm settlement paid in full
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.
Notes for editors
1. EDS provided IT services to the Inland Revenue under an outsourcing contract from 1994 to 2004.
2. Child tax credit and working tax credit (tax credits) were introduced in 6 April 2003.
Issued by HM Revenue & Customs Press Office
