HMRC tax compliance budget cut, against reports - Spear's Magazine

HMRC tax compliance budget cut, against reports

Press reports that HM Revenue & Customs budget for tax compliance and enforcement is being hugely increased in order to claw back the steep decline in tax receipts are proving wide of the mark.

Press reports that HM Revenue & Customs budget for tax compliance and enforcement is being hugely increased in order to claw back the steep decline in tax receipts are proving wide of the mark.

The agency’s actual budget for enforcement has been cut by 3 percent in the past year. A Freedom of Information request has revealed the budget for enforcement for the financial year 2009/10 is £1,047 million, versus the spend allocated for 2008/09 of £1,080 million, the Finance Director magazine reported, on its website.

Peter Luff, chairman of the House of Commons business and enterprise committee, said the government “makes a lot of play about cutting down on tax loopholes publicly but doesn’t pour the means into this rhetoric.”

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