A committee of lawmakers said the shortage of compliance staff is leaving public finances under even greater strain. Read more at straitstimes.com.
LONDON – Britain’s tax authority failed to collect £42 billion in 2021-22, in large part because it did not have the staff to ensure compliance, leaving the public finances under even greater strain, a committee of lawmakers said.
While the proportional shortfall has fallen over the past decade, the cross-party group of MPs said HM Revenue & Customs could do more to help pay for public services like the National Health Service, which is facing severe funding pressures amid pay demands from staff. MPs also claimed HMRC “lacks ambition to tackle fraud and error”. The authority, which is part of the Treasury, expects to recover only around a quarter of the estimated £4.5 billion lost in its Covid-19 support programmes.
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