Emeritus Prof Christopher May on Nostr: MPs on the Public Accounts Comm. have accused the HMRC as not being 'sufficiently ...
MPs on the Public Accounts Comm. have accused the HMRC as not being 'sufficiently curious' about the scope & range of tax evasion;
one interesting pointer is that before making online platforms liable for the VAT from overseas sellers the HMRC had estimated such evasion was costing around £300m a year; when imposed the tax take increased by £1.5bn (five times as much).
MPs rightly think this clearly demonstrates the HMRC underestimates evasion & needs to raise its game.
#tax #HMRC
h/t FT
one interesting pointer is that before making online platforms liable for the VAT from overseas sellers the HMRC had estimated such evasion was costing around £300m a year; when imposed the tax take increased by £1.5bn (five times as much).
MPs rightly think this clearly demonstrates the HMRC underestimates evasion & needs to raise its game.
#tax #HMRC
h/t FT