We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA

The government announced it is investing a further £79m over the next five 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 £725m of additional tax revenues over the next five years.

Unfortunately, no announcement was made on additional resource to improve the current service levels that affect businesses and their agents. We will continue to highlight the need for the service to improve and that it is adequately funded.