TaxAdministrationAS2012: Taxman to avoid further departmental cuts

AS2012: Taxman to avoid further departmental cuts

Chancellor announces during Autumn Statement that the taxman will use a further £77m towards fighting tax avoidance

The chancellor has announced during his Autumn Statement that the taxman will use a further £77m towards fighting tax avoidance.

Further cuts to departmental budgets, also announced by George Osborne today, will not affect HM Revenue & Customs.

It is unclear whether the £77m is new funding or a reallocation of current HMRC resources.

He has also announced that “hundreds of millions of pounds” of tax avoidance loopholes will also be closed, as announced in this Statement’s documentation.

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