HMRC Campaigns

After conducting a Spending Review when it came into power, the Government announced that £917million of efficiency savings could be re-invested by HM Revenue & Customs (HMRC) to tackle tax avoidance, evasion and fraud. HMRC has pledged to collect an extra £4billion from compliance activity by April 2013, on the way to delivering an extra £7billion a year by 2014/2015.

Over recent years, a tax gap has emerged which HMRC defines as the difference between the amount of tax collected compared to the amount HMRC estimates is due. HMRC believes the biggest share of the tax gap, 50% of the total, is attributable to the small and medium (SME) sector and has launched a whole series of initiatives aimed at collecting additional revenue and closing this gap.

See for more information on current campaigns, future campaigns, schemes and processes

 

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