Further clampdown on tax avoidance and evasion
How new HMRC funding to tackle tax avoidance, evasion and criminal attack will secure around £2 billion in additional revenue.
Applies to England, Northern Ireland and Wales
The government had already invested £917 million in HMRC up to 2014-15 to tackle tax avoidance, evasion and criminal attack. An additional £154 million is now being provided to further expand this and other activity, with £77 million of this focusing on evasion and avoidance by wealthy individuals and multinationals. This briefing explains how the new funding will secure around £2 billion in additional revenue, taking HMRC’s total compliance revenues to around £22 billion by 2014-15.
Published 1 January 2013