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HMRC publish annual report and accounts 2023 to 2024

  • HMRC collected £843.4 billion in total tax revenues, a 3.6% increase.
  • VAT net revenue was £165.5 billion. £41.8 billion tax was “protected” by tackling avoidance, evasion and error.
  • 83.1% taxpayers were satisfied with online services.
  • The HMRC app had 88.5 million logins by 3.8 million users, up 64%. 40 tax avoidance schemes, 39 promoters and 24 connected persons were publicly named. 430 new criminal cases and over 10,200 civil investigations into suspected fraud were opened. 3,629 anti-money laundering interventions were made.

Source Marcus Ward

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