HMRC takes £400m extra income tax after crackdown on avoidance

December 22, 2016 | 6years | In the News

HMRC's tough new policy on tax avoidance led to extra income tax  receipts of £400m this year, according to new figures released by the Government.

The taxman's crackdown on avoidance schemes led to the HMRC Counter Avoidance Directorate collecting £886m from people who had tried to avoid tax by signing up to schemes, according to figures released after a freedom of information request.

This represented an 80pc rise on the £494m taken during the previous 2014-15 financial year, a figure released after a separate freedom of information request in May. The Counter Avoidance Directorate was formed in 2014 to tackle income tax avoidance.

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