HMRC tax avoidance crackdown yields extra £2.7bn

Carmen Reichman
clock

HMRC has secured an extra £2.7bn for the government's coffers by clamping down on tax avoidance and evasion in the last year, its annual accounts have shown.

When the extra is accounted for, the tax office clawed back a total to £26.6bn in 2014-15, up from £23.9bn the previous year. Tax evasion as, opposed to avoidance, is a criminal activity and criminal sanctions are available against those who facilitate or encourage tax evasion. The Chancellor pledged in his March Budget the government will clamp down harder on tax avoidance and plans to introduce new measures to collect an extra £3.1bn from those found to have avoided or evaded tax payments. Last year marked the first time HMRC used its new accelerated payments notices, which ask u...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

CII: Vulnerable client management is 'an opportunity for growth'

CII: Vulnerable client management is 'an opportunity for growth'

Firms can expand potential client bases

Isabel Baxter
clock 07 April 2026 • 2 min read
Common language used by advisers triggers anxiety and distrust among retirees

Common language used by advisers triggers anxiety and distrust among retirees

Product-led communication one of the biggest drivers of mistrust

Laura Purkess
clock 01 April 2026 • 1 min read
Advisers: Are you even taking your own advice?

Advisers: Are you even taking your own advice?

Exploring the expenditure consolidation conversation

Nick Ryan
clock 25 March 2026 • 4 min read