THE Treasury is losing billions of pounds in revenue due to the failure of HM Revenue and Customs (HMRC) to clamp down effectively on aggressive tax avoidance schemes, the Whitehall spending watchdog has warned.
The National Audit Office (NAO) disclosed HMRC is dealing with a backlog of 41,000 cases still open relating to schemes aimed at small businesses and individuals – with £10.2 billion at stake.
The scale of the potential avoidance was described as "eye-watering" by senior MPs.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
