In a statement released today, the House of Commons Public Accounts Committee said that the £900m extra funding provided to HMRC would be used to employ a further 200 enforcement officers, with a target of bringing in an additional £18bn of tax revenue from its work on evasion, avoidance and debt over the next four years.
In the past year, HMRC’s increased targeting of tax avoidance and evasion has brought the Exchequer an additional £8.5bn of tax revenue, nearly 50% more than the total three years before.
A HMRC spokesman said: “We welcome the Committee’s recognition that our compliance approach is already delivering results and that we are ambitious to go further.
“The additional £917m provided for tackling avoidance, evasion and fraud at the spending review will enable us to build on this foundation and deliver £7bn of additional revenue a year by 2014/15.”
