HMRC recoups record £4bn in lost taxes

Data from HMRC examined by tax insurance investigation firm PfP show investigations and compliance work by HMRC saved £4bn in taxes from being lost in the last quarter, nearly double the £2.2bn for the same period last year. PfP said the increase in the amount of taxes saved will be due in part to the winding down of the furlough scheme and HMRC having more personnel and time available. “

 

City A.M.

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