£900 Million for HMRC to Tackle Non-complianceTuesday, September 21st, 2010
In the advance of the Government’s Spending Review, due to be announced on 20 October, the Treasury has announced that an additional £900 million will be made available to HMRC to reduce compliance risk in the following areas:
- greater deterrents against tax avoidance and evasion, including a five-fold increase in criminal prosecutions, prevention of offshore evasion, and more compliance checks for large businesses
- increasing the level of debt collection, by greater use of debt collection agencies and the improvement of in-house systems
- reducing criminal activities, including false claims for tax reimbursements, prevention of “cyber crime” against HMRC’s systems, and prevention of smuggling.