Seb Maley explains why we should all be wary of a better-resourced HMRC.
The government will spend an additional £79m to fight tax fraud as HMRC is promised more resources to tackle the tax gap.
This was announced in the Autumn Statement last November, marking a 27% increase on the £292m investment already pledged in the 2021 Budget. By spending more on policing tax compliance, HMRC hopes to raise an additional £725m in tax receipts in the next five years.
Buried in the Budget document, it’s referred to as ‘Additional Compliance Resource for HMRC’, which will “enable HMRC to allocate additional staff to tackle more cases of serious tax fraud and address tax compliance risks among wealthy taxpayers”.
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