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HMRC taskforces raise £109m in six months

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HMRC has announced that in the last six months, its taskforces have brought in £109m, including £64.9m recovered in the first three months of this year, which HMRC says is more than double the figure for the same period in 2014.

HMRC launched 27 new taskforces between April and October 2015, targeting sectors that are at the highest risk of tax fraud. Taskforces were first launched in spring 2011 as part of HMRC’s compliance strategy to tackle tax evasion and fraud. Over 100 taskforces have been launched since then, yielding more than £404m. Last week, HMRC announced its ‘let property campaign’ aimed at residential landlords brought in more than £50m.

Jennie Granger, HMRC director general for enforcement and compliance, said: ‘We have increasing amounts of intelligence, and are using state of the art digital tools to help us to identify and target high risk areas. This yield of £109m shows that our strategy is working.’

Issue: 1282
Categories: News