On 30 November 2022 various HMRC executives including the Chief Executive Jim Harra were questioned by the House of Commons Treasury Committee. The session highlights a number of areas that HMRC are focusing on with tax fraud given some prominence. In recent years HMRC have been developing their legislative and operational tools for tackling fraud. There are more rules on the statute books (including the failure to prevent the facilitation of tax evasion) and HMRC have access to more resource. With a lot of HMRC’s additional funding (including a further £79m at the Autumn Statement) being earmarked towards tackling fraud 2023 could well see a marked increase in such investigations.
The Treasury Committee session was a hit parade of targets including cryptocurrency with HMRC keen to demonstrate its credentials in that area. At the start of the year...
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On 30 November 2022 various HMRC executives including the Chief Executive Jim Harra were questioned by the House of Commons Treasury Committee. The session highlights a number of areas that HMRC are focusing on with tax fraud given some prominence. In recent years HMRC have been developing their legislative and operational tools for tackling fraud. There are more rules on the statute books (including the failure to prevent the facilitation of tax evasion) and HMRC have access to more resource. With a lot of HMRC’s additional funding (including a further £79m at the Autumn Statement) being earmarked towards tackling fraud 2023 could well see a marked increase in such investigations.
The Treasury Committee session was a hit parade of targets including cryptocurrency with HMRC keen to demonstrate its credentials in that area. At the start of the year...
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