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Adviser Q&A: HMRC’s Fast facts on ‘record revenues’ for the UK

HMRC’s Fast facts online publication trumpets ‘record revenues’ for the UK, but the department should be careful in the way it puts its message across, writes Andrew Hubbard

On 27 May HMRC published an online document entitled Fast facts which has as its strapline: ‘Record revenues for the UK’. It has a foreword by David Gauke exchequer secretary to the Treasury in which he congratulates HMRC for its record compliance yield of £23.9bn for 2013/14.

Sounds good. How is the £23.9bn made up?

Good question. Unfortunately the document itself gives no information whatsoever about the make up of the £23.9bn. It simply states the number and says that this was £1bn above the target set by the minister.

So what is in the document then?

The document contains...

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