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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