Source · Select Committees · Public Accounts Committee
Recommendation 1
1
Accepted
Committee reviewed agencies' approach to tackling tax evasion in the retail sector.
Conclusion
On the basis of a report by the Comptroller and Auditor General, we took evidence from HMRC, Companies House and the Insolvency Service on their approach to tackling tax evasion in the retail sector.1
Government Response Summary
The government agrees and states that HMRC, Companies House, and the Insolvency Service will establish a framework for sharing threat assessments, data, and intelligence to improve understanding of corporate fraud. HMRC plans to lay out its plans by September 2025 and complete a tax gap impact assessment by September 2026.
Government Response
Accepted
HM Government
Accepted
The government agrees with the Committee’s recommendation. and tax evasion by identifying and holding accountable corporate entities that attempt to evade their responsibilities and tax liabilities. HMRC, Companies House and Insolvency Service will establish a framework for sharing threat assessments, data and intelligence across all three departments with the aim to improve collective understanding of the risks, amount of corporate fraud and any tax gap implications. HMRC anticipate that the increased sharing of data and intelligence will positively improve our ability to assess corporate fraud within the tax gap. HMRC will lay out its plans by September 2025 and complete an assessment of any potential impacts on the tax gap by September 2026.