Source · Select Committees · Public Accounts Committee

9th Report - Tax evasion in the retail sector

Public Accounts Committee HC 355 Published 12 February 2025

Report Status

Government responded

Conclusions & Recommendations

27 items (10 recs)

Source

View on Parliament website ↗

Government Response

AI assessment · 26 of 27 classified

Accepted 14

Accepted in Part 1

Acknowledged 9

Deferred 1

Rejected 1

Government response

Treasury minutes: Government response to the Committee of Public Accounts on the Ninth report from Session 2024-25 · published 6 May 2025

Read the government response ↗ Response on the Index

Recommendations & Conclusions

1 item

24 Recommendation Deferred

HMRC has not formally assessed transaction-based reporting, despite its acknowledged compliance benefits.

Recommendation

HMRC has not pursued some controls used in other countries, including ‘transaction–based reporting’ where businesses are required to regularly report all sales and purchases to the tax authority, giving up to date information on the VAT owed.71 We asked HMRC … Read more

Government Response Summary

HMRC will explore the viability and effectiveness of additional controls which could reduce the risk posed by tax evasion and they are consulting on e-invoicing, with further development contingent on the outcome of this consultation which closes on 7 May.

HM Treasury

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