IRRV Alert - week ending 5th June 2020
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HMRC issue briefing: ensuring the correct tax is paid (5 June 2020)
Policy paper
HMRC issue briefing: ensuring the correct tax is paid
- English
- Cymraeg
This briefing provides information about how HMRC ensures that people and businesses pay the tax due.
Published 1 June 2020
Last updated 5 June 2020 — see all updates
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Ensuring the correct tax is paid
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HMRC’s aim is for everyone to pay the tax that is legally due, no matter who they are. The department does this in an environment where the collection rate is already high - almost 95% of the tax legally due is paid. Last year alone, HMRC secured just under £628 billion.
This issue briefing sets out the department’s approach to ensuring people pay the right tax, starting from designing the tax system in such a way that it is difficult to get tax wrong, and easy to get it right. The briefing also covers how HMRC identifies and responds to risk in the tax system.
Published 1 June 2020
Last updated 5 June 2020 + show all updates