Public and Commercial Services Union
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Collecting missing billions would change debate about public spending

New research by tax expert Richard Murphy shows the UK exchequer is likely to lose up to £47 billion this year through unrecorded sales of UK businesses. 

Commenting on the report, published on Richard's Tax Research blog, PCS general secretary Mark Serwotka said: "Collecting even a fraction of this money would change the debate about public spending overnight.

"It is clear that HMRC needs to stop cutting jobs and start investing properly in staff and resources to enable it to fulfill its important role, which is central to all the other public services that we all rely on." 

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