1 00118601 Emerging themes 2019 A4 AW v31 combined - Page 60



MARKETS
THE CHANGING
FACE OF HMRC
MANAGING TAX RISKS IN 2019
Promoting tax compliance and tackling
avoidance remains a key priority for HMRC,
as set out in its most recent departmental plan.
In pursuit of this goal, the government has
committed an additional £155 million of
investment to be made available to HMRC
for investigations in 2019 and 2020. HMRC’s
longer-term target is to raise an additional
£5 billion a year by 2020 through challenging
tax evasion and avoidance, and by preventing
non-compliance. It intends to achieve this
through the implementation of a host of
criminal, civil and regulatory measures.
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