Emeritus Prof Christopher MayFeb 27

Finally good news on UK HMRC's tax collection activities; using a more 'hands-on' approach HMRC has raised an extra £16bn in tax from the UK's top 2,000 businesses. This was achieved in 2024/5 through the use of better data analysis & more judicious use fo penalties.

Interestingly HMRC’s large business directorate now has a return on investment of £95 for every £1 spent on staff pay, which is four times higher than what the agency achieves across all taxpayers.

#tax #politics
h/t FT

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@ChrisMayLA6

If only someone had told them earlier that tax avoidance by the wealthy individuals and corporations might reap better returns that chasing benefit fraudsters living hand to mouth.

Feb 27 at 9:08amWeb