Revenue and Customs

HM Treasury written question – answered on 30th January 2015.

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Photo of Shabana Mahmood Shabana Mahmood Shadow Minister (Treasury)

To ask Mr Chancellor of the Exchequer, what the compliance yield of the Large Business Service team of HM Revenue and Customs was in (a) 2010-11, (b) 2011-12, (c) 2012-13, (d) 2013-14 and (e) 2014-15 to date.

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

HM Revenue and Customs (HMRC’s) Large Business Service dealt with the tax affairs of around 800 of the largest businesses in the UK up to 31 March 2014. HMRC’s approach has enabled it to recover £22bn in additional compliance revenues from large businesses dealt with by Large Business Service between April 2010 and March 2013 as follows:

2013-14 - £5.94bn

2012-13 - £5.28bn

2011-12 - £5.04bn

2010-11 - £5.74bn

2009-10 - £4.56bn

2008-09 - £4.86bn

From 1 April 2014 HMRC’s new Large Business (LB) directorate deals with the tax affairs of the 2,100 largest businesses in the UK.

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