|Looking back one can see that tax collection (in some cases) is just like trying to carry live eels
New figures show that HMRC secured a record £23.9bn in additional tax revenue over the last year as a result of increased activity to make sure people pay the taxes they owe. The additional tax is up £3.2bn on the previous year and nearly £1bn above the target set at Autumn Statement 2013.
More than £8bn has been secured from large business, over £1bn from criminals and £2.7bn from tackling avoidance schemes in the courts. HMRC’s compliance activity has resulted in a number of tribunal wins, and also seen corporation tax & stamp duty land tax loopholes closed, protecting the Exchequer from tax going unpaid.