HMRC Delivered Record Tax Revenues in 2014-15

HMRC Delivered Record Tax Revenues in 2014-15

HM Revenue and Customs (HMRC) recently announced that a record £517.7 billion in tax was collected in 2014-15 as a result of economic growth and the continued crackdown on tax evasion and avoidance. This is apparently an increase of £12 billion on the previous year.

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What is the impact of HMRC's NEW tax avoidance powers?

What is the impact of HMRC's NEW tax avoidance powers?

As mentioned in an earlier blog post, HMRC mean business in 2015. Having been granted new powers which drastically change the balance of power when it comes to paying tax, a failure to comply with HMRC notices has resulted in litigation.

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