HMRC taskforces have recovered more than £500m since they were launched five years ago.
The targeted bursts of enforcement activity have brought in progressively higher amounts every year, and the total now stands at more than £540m. This includes nearly £250m raised in 2015/16 alone, almost double the previous year’s yield.
Since 2011, HMRC has launched more than 140 taskforces targeting sectors that are at the highest risk of tax fraud including the retail sector, the tobacco industry and the adult entertainment industry.
Jennie Granger, director-general for enforcement and compliance at HMRC, said: “The message is clear: if you try to cheat on your tax, we are going to catch you. A small number of people still think they can cheat the tax system; these figures prove we can track them down and take back what they owe.
“We have increasing levels of intelligence, and use state-of-the-art digital tools to help us to identify and target high-risk areas.”
Taskforces are just one strand of HMRC’s compliance strategy, which brought in a record £26.6bn in 2014/15, up 43% from 2011/12.
Nearly 50 new taskforces were launched last financial year, including ones targeted at property, partnerships and hidden wealth. In 2015, a single taskforce focused on income tax led to 45 arrests for tax evasion and fraud.
Brexit shows that majority of UK public have major trust issues with business and political leaders, says PwC's Kevin Ellis
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said