HMRC to tighten investigation net
AccountingWeb reports today: A House of Commons committee… praised [HMRC] for improving its performance… Margaret Hodge MP praised HMRC for increasing yields with fewer resources.
“The two directorates in HMRC responsible for civil investigation work brought in £8.5bn of tax revenue in 2009-10, nearly 50% more than the total three years before. At the same time they reduced spending by 10%,” said Hodge. “The department now has a much more stretching target. Government spending plans require HMRC to bring in an extra £18bn of tax revenue over the next four years while reducing its costs.”