HMRC Raises £23.9bn Additional Tax Revenue
Praised by Exchequer Secretary to the Treasury David Gauke as “successfully meeting” the challenges and ambitious targets to increase its yield, HMRC last week announced record additional tax revenue of £23.9 billion for the year ending March 2014; non-inclusive of tax revenue collected from individuals and corporations who paid their taxes on time.
This record figure comes as a result of HMRC cracking down on tax avoiders to ensure that those taxpayers who do pay what they owe on time, every time, don’t lose out to those who persist in not doing so. This is seen as part of a longer-term plan to raise £100 billion in additional tax revenue between May 2010 and March 2015.
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