HM Revenue & Customs has been criticised by the House of Commons Public
Accounts Committee for not doing enough to measure the effectiveness of its
compliance strategy in improving receipts from traders.
The PAC said there was a programme of activities designed to reduce VAT
losses, some aimed at improving general compliance, but no timely and accurate
measurement of their impact.
Fraud from fuel duty and VAT last year amounted to £13bn the PAC report
found; a figure that is three times the size of benefit fraud and roughly
equivalent to the entire annual budget for the Home Office.
However, the report found that HMRC had reduced the level of VAT fraud from
15.8% of all VAT collected to 12.9%.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
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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