Hm Revenue and Customs

Hm Revenue and Customs

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HMRC estimates that the tax gap - the difference between taxes due and the amount actually collected - stood at Ap35 billion (7.9% of tax due) in 2009-10, although other estimates suggest the figure is much greater. The Compliance and Enforcement Programme brought in Ap4.32 billion of tax revenue over the five years to 2010-11and is expected to generate a further Ap8.87 billion by 2014-15. However, in shedding more than 3, 300 staff, the Department lost Ap1.1 billion in potential tax revenue: about Ap10 in tax lost for every Ap1 in running costs saved. The Committee is also not confident that the Department is sufficiently clear about the marginal rate of return it could achieve from different levels of spending. In order to live within funding limits, the Department had to defer the introduction of new systems or reduce their scope. In particular, by delaying implementation of its new Caseflow and Spectrum systems, the Department reduced the expected additional tax revenue of Ap743 million by 2010-11 to Ap547 million by 2014-15. In this Spending Review period Ap917 million has been allocated to further activities to tackle tax evasion and avoidance, and to collect more debt. This investment is more than double the money spent on the Programme over the last five years, and is expected to generate an additional Ap7 billion a year by 2014-15. It is therefore essential that the Department learns and applies lessons learnt. There was also alarm at reports that the Department had advised that the use of managed service companies to avoid tax could ever be appropriate for full-time employees of public bodiesWe have actually produced for private briefing a fuller diagram which shows that you have another set of objectives on the top. The yield of these ... John Thorpe: We looked at this in the context of this review to understand what had gone on here. We identified that ... Q56 Ian Swales: But not the failure to enforcea€” Mike Eland: The revenue slippage we will recover within the five-year cycle. We are stillanbsp;...

Title:Hm Revenue and Customs
Author: Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher:The Stationery Office - 2012-05-01

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