The government has announced an expansion of HMRC’s compliance resource for five years. The following is an extract from the HM Treasury document CP751, entitled Autumn Statement 2022 (para. 5.42), with paragraph spacing added for greater clarity:
“The government is investing a further £79 million over the next 5 years to enable HMRC to allocate additional staff to tackle more cases of serious tax fraud and address tax compliance risks among wealthy taxpayers. This investment is forecast to bring in £725 million of additional tax revenues over the next 5 years.
The government remains committed to ensuring HMRC has sufficient funding to enable it to maintain its compliance performance over time, while continuing to make efficiencies, both in this and future Spending Review periods.”