{"id":25851,"date":"2014-08-27T09:20:24","date_gmt":"2014-08-27T08:20:24","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=25851"},"modified":"2014-08-27T09:20:24","modified_gmt":"2014-08-27T08:20:24","slug":"hmrcs-tax-yield-in-201314-was-worse-than-201213","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2014\/08\/27\/hmrcs-tax-yield-in-201314-was-worse-than-201213\/","title":{"rendered":"HMRC’s tax yield in 2013\/14 was worse than 2012\/13"},"content":{"rendered":"

I have already mentioned the political furore slowly developing over HMRC's bogus claims of compliance tax yield this morning<\/a>, but I also think it important to point out that the claim that this is increasing also has inherent problems within it.<\/p>\n

My evidence is from\u00a0HMRC's 2013\/14 annual report<\/a>. The first claim I want to refer to is this:<\/p>\n

\"Screen<\/a><\/p>\n

So that's \u00a3505.8 billion of revenue in 2013\/14 and \u00a3475.6 in 2012\/13.<\/p>\n

Then there's this on compliance yield:<\/p>\n

\"Screen<\/a><\/p>\n

\n

As I've already noted<\/a>, only cash counts, so that the relevant figures are \u00a39.182 billion in 2013\/14 and \u00a38.975 billion in 2012\/13.<\/p>\n

The first thing to note is that CPI to March 2014 was 1.6% but on a \u00a0heavily downward trend: during most of the year it had been over 2% and in September 2013, a fair mid year measure for comparison purposes, had been 2.7%. What that means is that in real terms the 2013\/14 yield recovery was in real terms lower than in 2012\/13.<\/p>\n

And that's also true in another way. The percentage yield recovery in 2012\/13 was 1.89%. In 2013\/14 it was 1.82%. The recovery rate was worse.<\/p>\n

HMRC have a weird idea of trumpeting success that is no such thing. It may be better off actually investing more in getting the job done by employing a lot more staff to close the tax gap.<\/p>\n

NB: My new report on the UK tax gap is out on 23 September.<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

I have already mentioned the political furore slowly developing over HMRC’s bogus claims of compliance tax yield this morning, but I also think it important
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107,10,33,55,50],"tags":[],"class_list":["post-25851","post","type-post","status-publish","format-standard","hentry","category-hmrc","category-tax-avoidance","category-tax-compliance","category-tax-evasion","category-tax-gap"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/25851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=25851"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/25851\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=25851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=25851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=25851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}