34th Report - Tackling tax fraud
- HC No.
- HC 674
- Published
- 15 Apr 2016
- Items
- 0
- Response
- No response document linked
Select Committee · Public Accounts Committee
Tackling tax fraud: how HMRC responds to tax evasion, the hidden economy and criminal attacks inquiry
Status: Closed
Opened: 9 Dec 2015
Closed: 12 May 2016
1 report
Inquiry scope
HMRC estimates that losses to tax fraud amount to £16 billion each year. This is nearly half of HMRC's estimate of the tax gap (£34 billion): the difference between the amount of tax HMRC should collect each year and the amount it actually collects. Reducing the amount of tax that is lost due to tax fraud is a high priority for HMRC. To do this it needs to make better use of its data and develop its analysis. HMRC has only partial data on how much of the total yield is derived from its work to counter tax fraud. For example it has more complete information on its work to tackle organised crime than tax evasion. This inquiry assesses HMRC's performance in tackling different types of tax fraud—its use of prosecutions, how it assesses risk and uses data, and its shifting strategy to place more emphasis on measures to prevent losses rather than relying so much on investigating them afterwards.Reports
Oral evidence sessions
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| Date | Session and witnesses | Source |
|---|---|---|
| 13 Jan 2016 | No witnesses recorded | View ↗ |