HMRC adds tax evasion and avoidance policy update

HMRC has added a new campaigns section to its policy detail on 'Reducing tax evasion and avoidance'.

The 'HMRC campaigns' section provides information on past, present and future departmental campaigns targeted at improving tax compliance by offering taxpayers a chance to get their tax affairs in order on the best possible terms. It also lists the revenues generated from past and present campaigns.

The Offshore Disclosure Facility campaign appears to be the most effective of these campaigns, generating £508,590,000 out of the total £802,864,000 campaign revenue to-date. The Value Added Tax Outstanding Returns campaign, by comparison, fetched £70,000.

More details are available from Gov.uk HERE

Diane Tan | Content manager - current awareness, CCH

Diane Tan is content manager, current awareness at CCH, Wolters Kluwer UK www.cch.co.uk...

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