- HMRC published annual report and accounts for 2023 to 2024
- Total tax revenues collected were £843.4 billion, a 3.6% increase from the previous year
- VAT gross revenue was £277.7 billion, with net revenue of £165.5 billion
- £41.8 billion in tax protected by tackling avoidance, evasion, and error
- 83.1% taxpayers satisfied with online services
- 88.5 million logins on HMRC app by 3.8 million unique users
- 40 tax avoidance schemes, 39 promoters, and 24 connected persons publicly named
- 430 new criminal cases and over 10,200 civil investigations into suspected fraud
- 3,629 anti-money laundering interventions
- £1.9 billion tax revenue protected through enhanced controls
- Customer satisfaction decreased to 78.6%
- Total debt balance reduced to £44.6 billion
- Tax debt as a proportion of total tax revenue fell to 5.1%
- Tax losses were £5.6 billion, with £5.0 billion in write-offs
- Service levels on telephony and correspondence below standards
- Trust in HMRC has decreased among individuals, agents, and small businesses
Source: deeksvat.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
