HMRC claims £24bn from tax crackdown
HMRC has claimed it increased its tax take by 15%, up £3.2bn on last year, bringing in a record £23.9bn from “increased activity” on unpaid tax.
The Revenue said the haul was a result of its crackdown on large scale tax avoidance schemes, where more than £8bn came from large business, £1bn from criminals and £2.7bn from tackling avoidance schemes at court.
David Gauke, exchequer secretary to the Treasury, said: “We set HMRC ambitious targets to increase its yield and the figures published today demonstrate that HMRC is successfully meeting these challenges.
“It also sends a clear signal - HMRC will pursue those seeking to avoid their responsibilities and will collect the taxes that are due.”
HMRC also said it had protected the exchequer from future tax avoidance by closing corporation tax and stamp duty land tax loopholes.
The figure is nearly £1bn higher than the target set by George Osborne in the Autumn Statement in December. Government targets include an extra £24.5bn in the year to next April, and £26.3bn for the following year. HMRC expects to secure £100bn between 2010 and 2015 as a result of its investigations into unpaid tax.
The most recent figures...