HMRC raises record £23.9bn after targeting tax avoidance
The figure is above the target set out by Osborne in the Autumn Statement
The Government collected a record £23.9 billion for the year to March in additional tax as it stepped up efforts to tackle tax avoidance, new figures show.
The figure- the highest since records began- represents a £3.2 billion increase on the previous year and is almost £1 billion above the target set out by Chancellor George Osborne in the Autumn Statement last year.
Of the total amount, HM Revenue and Customs (HMRC) said £8 billion came from large businesses, more than £1 billion from criminals and £2.7 billion from tackling tax avoidance schemes in the courts. HMRC attributed the increase in unpaid tax revenues to "increased activity" by taxmen.
Exchequer secretary David Gauke said: "We set HMRC ambitious targets to increase its yield and the figures published today demonstrate that HMRC is successfully meeting these challenges."
He added: "It also sends a clear signal – HMRC will pursue those seeking to avoid their responsibilities and will collect the taxes that are due."
HMRC said it expects to raise £100 billion between May 2010 and March 2015 stemming from new investigations into tax evasion.
- 1 Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 Israel's propaganda machine is finally starting to misfire
- 4 Zayn Malik on Israel-Gaza: One Direction singer bombarded with Twitter death threats after posting #FreePalestine
- 5 'Hello mum, this is going to be hard for you to read ...'
Sally Farmiloe dead: Howards' Way actress, and former mistress of Jeffrey Archer, dies aged 60
Women in Turkey have a laugh in public at the deputy Prime Minister's expense
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Disney heiress Abigail disowns her share of family profits in West Bank company
Australian model Robyn Lawley stages naked protest against huge coal mine seven times the size of Sydney Harbour
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
- < Previous
- Next >
iJobs Money & Business
£20000 - £24000 per annum: Harrington Starr: A leading provider of web based m...
£28000 - £32000 per annum: Ashdown Group: Secretary (Sales Team Support) - Mat...
Competitive (DOE): Guru Careers: We are looking for an Assistant Management Ac...
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...