Public Account Committee questions resourcing of HMRC

Public Account Committee questions resourcing of HMRC

A new PAC report argues that the government is “missing the opportunity to recover billions” Tax Debt stands at £41.6bn, over £20bn more than pre-pandemic levels, with HMRC estimating it will take “some years” for this debt to be reduced. New PAC report argues that...
Opportunities Missed – Autumn Statement 2022

Opportunities Missed – Autumn Statement 2022

Minimal efforts to close the tax gap, despite HMRC producing a return on investment of up to 18:1 with compliance work. DWP to receive an extra £112m a year to tackle fraud, but HMRC only to receive £15m. Once again, the government is prioritising going after benefits...
HMRC Investment Announced

HMRC Investment Announced

A step in the right direction, but more to be done £161m investment in HMRC compliance work – set to bring in an additional £3bn over next five years New 50 strong HMRC team tackling R&D fraud to be in place by 2023 Fraud within the tax system costs the UK tens of...