Seema Malhotra – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Seema Malhotra on 2015-12-08.

To ask Mr Chancellor of the Exchequer, with reference to the Autumn Statement of 25 November 2015, Official Report, column 1361, what the evidential basis is for the statement that an investment of £800 million to fight tax evasion will return almost 10 times that amount in additional tax.

Mr David Gauke

Spending Review 2015 confirmed the additional £800m investment in HMRC, announced at Summer Budget, to tackle evasion and non-compliance, which will deliver an extra £7.2bn over the next five years – a return in tax revenue of almost 10 times the additional funding. The individual measures that the Government has provided funding for and the revenue they raise is set out on page 73 of the Summer Budget 2015 document. The assumptions and methodologies underlying all of the costings are set out in the policy costings document published at Summer Budget 2015. Both of these documents are available on www.gov.uk.