HMRC 'loses its nerve' over big firm tax-avoiders
Tax authorities have been holding back on using sanctions against multinational companies, while pursuing small businesses and individuals, according to a new parliamentary report.
Tax authorities have been holding back on using sanctions against multinational companies, while pursuing small businesses and individuals, according to a new parliamentary report.
HM Revenue and Customs has defended its recorded in the wake of a parliamentary report that has accused it of holding back on using sanctions against multinational companies, while pursuing small businesses and individuals.
HMRC seeks to collect the tax that is due from all taxpayers, so that everyone pays their fair share in accordance with the tax laws passed by Parliament.
We have secured more than £50 billion of additional tax from our compliance work since 2010, including £23 billion from large businesses.
We have carried out 2,345 prosecutions for tax evasion in the last three years, including of high-profile accountants and lawyers, have halved the number of disclosed tax avoidance schemes and have protected more than £2.4 billion from marketed tax avoidance schemes this year alone.
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