Tax dodging and non-compliance during the pandemic cost the Government £9 billion, Whitehall’s spending watchdog has found.
Tax dodging and non-compliance during the pandemic cost the Government £9 billion, Whitehall’s spending watchdog has found.
Pre-pandemic, tax revenues from compliance work were on average 5.2% of total HMRC revenues. This dropped to 4.2% between 2020-2022 – a £9 billion reduction. While the department is recruiting and training new compliance staff, they will be less experienced and therefore less effective in the short term.
“There is now a risk that more people ultimately fail to pay the right tax or escape investigation or prosecution. It is concerning that HMRC’s planning indicates that non-compliance may grow following the pandemic. The next two years are critical, and swift action is likely to be needed to stem potential losses.
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