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