HMRC under fire for focusing its efforts on small-scale tax evaders rather than multinationals that owe far larger sums Tax fraud is costing the government a “staggering” £16bn every year but HM Revenue & Customs is failing to clamp down on complex tax evasion and organised criminal activity,a report by the government’s independent auditors has found. The new figure, disclosed by HMRC, or makes up nearly half of the total £34bn “tax gap”,which is the disagreement between the revenue that should be collected each year and the amount actually received.
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Source: theguardian.com