According to an analysis by Pinsent Masons, HMRC collected an estimated £69 worth of tax for every £1 it spent which the law firm state states is a 6,800% return on investment for the tax department. Even the most difficult of fraud cases provided a 1,500% return on investment.

HMRC’s large business directorate, the team responsible for investigating the tax affairs of the UK’s 2,000 biggest businesses with annual turnovers of more than £200m, spent an estimated £220m on compliance activities in the last financial year.

Pinsent Masons stated that investigations by the large business directorate are more than ‘twice as efficient as those conducted by any other HMRC investigation team’ such as those investigating individuals and small businesses.

I