You are here: Home - Household Bills - News -

Crackdown on tax dodgers nets HMRC £23.9bn in extra revenue

Written by:
HM Revenue & Customs (HMRC) raised a record £23.9bn in additional tax revenue in the past year as a result of a crackdown on tax dodgers.

The additional tax – which HMRC secured as a result of investigations, on top of the tax collected from those who pay their taxes on time – is up £3.2bn on the previous year, up £9bn on three years ago and nearly £1bn above the target set by George Osborne in the Autumn Statement 2013.

More than £8bn of the extra money came from large business, £1bn from criminals and £2.7bn from tackling avoidance schemes in the courts, HMRC said.

Exchequer Secretary to the Treasury David Gauke said: “The government supports the hardworking, honest majority of taxpayers who play by the rules, and is determined to tackle the minority who seek to avoid paying the taxes they owe.

“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.”


Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Protection figures ‘shatter illusion’ insurers don’t pay

Figures reveal insurance companies helped 270 families every day last year by paying out protection claims, "shattering the illusion" that...