AB17: HMRC wins more resources to close tax gap | KPMG | UK

Autumn Budget 2017: HMRC wins more resources to close tax gap

AB17: HMRC wins more resources to close tax gap

Chris Davidson, tax director at KPMG comments on the changes in tax administration.

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Chris Davidson, tax director at KPMG, said:

“Behind the headlines, there is a raft of changes in tax administration.

“The most significant in terms of the impact on Government finances is the spend-to-raise package provided by the Treasury.

“This will give HMRC £155m over the next five years to raise an estimated £2.3bn, which will be an impressive return on investment. The package is mainly targeted at closing the tax gap and should help HMRC continue to tackle all forms of non-compliance.”
 

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About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
 

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