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Tax fraud results in losses of £16bn a year, according to a report, Tackling Tax Fraud, published by the House of Commons Public Accounts Committee.
It said HMRC had not set out a clear strategy for dealing with fraud and that its reporting of its own performance was ‘too confusing’.
HMRC must address the perception that it does not tackle tax fraud by the wealthy. The report said the department should ‘increase the number of investigations and prosecutions, including wealthy tax evaders, and publicise this work to deter others from evading tax and to send out a message that those who try will not get away with it’.
Further, there should be clarity on the risk of VAT fraud by internet traders and on the effectiveness of measures intended to tackle this fraud.
