The latest HMRC Annual Report and Accounts for 2016-17 shows that HMRC brought in an additional £29 billion by cracking down on a minority of individuals and businesses who try to avoid paying the tax they owe.
Jon Thompson, Chief Executive and Permanent Secretary, HMRC, said:
In the last year, we have generated £28.9 billion of compliance yield, billions of pounds that would have otherwise been lost to the UK through avoidance, evasion and organised crime but will now be spent on public services.
That’s around £1,000 for every household in the UK. We have also strengthened our grip on the minority who deliberately try to cheat the system and continue to pursue those who refuse to pay what they owe, on behalf of the honest majority. The message is clear to those who try to not pay their fair and legal share: there is nowhere left to hide.
Edward Troup, Executive Chair and Permanent Secretary, HMRC, said:
Our ability to collect the money required to fund the UK’s public services is, of course, the ultimate yardstick by which we will be measured, but the public rightly judge us on the quality of service we provide to the overwhelming majority of people in the UK who are honest and pay the right amount of tax on time.
Our continued focus on giving our customers the service level they deserve is paying dividends. There are now quick and simple online tools to allow people to deal with their taxes or tax credits anywhere, anytime and the best phone service in years for those wanting to call us.
See the full HMRC 2016-17 Report here