Tax Avoidance

HM Treasury written question – answered at on 20 July 2015.

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Photo of Paul Flynn Paul Flynn Labour, Newport West

To ask Mr Chancellor of the Exchequer, how HM Revenue and Customs plans to spend the additional funding allocated to it in the Summer Budget 2015 to tackle tax avoidance.

Photo of David Gauke David Gauke The Financial Secretary to the Treasury

The Summer Budget announced significant additional investment in HM Revenue and Customs’ (HMRC’s) work on non‑compliance covering a range of areas, including avoidance and evasion.

As part of this, the government will invest £800m over the Parliament and legislate for new powers to strengthen HMRC’s ability to tackle organised crime and make sure that large businesses, small and medium sized enterprises, trusts and wealthy individuals pay the tax that’s due.

Together, the investment and measures are forecast to raise £7.2bn over the Parliament.

As well as announcing additional resource for specific measures, the government also committed to provide HMRC with the funding it needs to maintain its current level of compliance performance, whilst making efficiencies.

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