HM Revenue and Customs Compliance and Enforcement Programme, Eighty-Seventh Report of Session 2010-12, Report, Together with Formal Minutes, Oral and Written Evidence

Name: HM Revenue and Customs Compliance and Enforcement Programme, Eighty-Seventh Report of Session 2010-12, Report, Together with Formal Minutes, Oral and Written Evidence
Availability: OutOfStock
ISBN: 9780215045195

ISBN-10: 021504519X

ISBN-13: 9780215045195

Edition: N/A

Authors: Great Britain: Parliament: House of Commons: Committee of Public Accounts, Margaret Hodge

List price: $10.00

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Description:

HMRC estimates that the tax gap - the difference between taxes due and the amount actually collected - stood at £35 billion (7.9% of tax due) in 2009-10, although other estimates suggest the figure is much greater. The Compliance and Enforcement Programme brought in £4.32 billion of tax revenue over the five years to 2010-11and is expected to generate a further £8.87 billion by 2014-15. However, in shedding more than 3,300 staff, the Department lost £1.1 billion in potential tax revenue: about £10 in tax lost for every £1 in running costs saved. The Committee is also not confident that the Department is sufficiently clear about the marginal rate of return it could achieve from different…

Book details

List price: $10.00
Publisher: Stationery Office, The
Publication date: 5/24/2012
Binding: Paperback
Pages: 39
Size: 11.81" long
Language: English