Chancellor Rachel Reeves announces increased HMRC investment to tackle £22bn non-compliance, hiring more compliance officers and considering enhanced data harvesting.
Chancellor of the Exchequer Rachel Reeves announces that HMRC will receive greater investment to tackle non-compliance, aiming to close a £22bn public finances gap. HMRC will hire more compliance officers and consider enhanced data harvesting from banks and companies to tackle tax evasion. The Labour Party pledges to raise £5bn a year by the end of the decade through cracking down on tax non-compliance, fraud, and tax avoidance.
July 30, 2024
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