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Spring Statement 2025: Reeves clamping down on tax evasion

Summary by City AM

The Chancellor plans to raise over £1bn in additional gross tax revenue, as her Spring Statement singled out tax evaders. At the end of December 2024, unpaid tax liabilities owed to HMRC were over £44bn, more than double the level five years ago. The government said that around £20bn of these outstanding tax debts are over 12 months old, stressing this is more challenging for HMRC to collect. “The government is determined to reduce this level of…

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GOV.UK

Spring Statement 2025 tax related documents

All HMRC tax related documents and other announcements for Spring Statement 2025.

8 days ago·United Kingdom

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feddit.uk

Radical anti-tax-avoidance measures hidden in the Spring Statement

submitted by Noit to uk_politics17 points | 6 commentshttps://taxpolicy.org.uk/2025/03/26/radical-anti-avoidance-measures-hidden-in-the-spring-statement/

8 days ago

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theglobalrecruiter.com

Further Consultations for Compliance

Alongside the Spring Statement, the Government has announced two consultations as part of their efforts to tackle tax avoidance: https://www.gov.uk/government/

8 days ago

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vinciworks.com

Major tax evasion crackdown announced by Chancellor in Spring Statement

Despite years of promises to crack down on tax evasion, in particular the failure to prevent model under the Criminal Finances Act 2017, Chancellor Rachel Reeves is finally getting serious about companies and advisers who promote tax evasion. A series of measures announced on 26 March 2025 will see new criminal and civil penalties for breach of DOTAS, much broader enforcement of stop notices which will also apply to banks, and a curtailing of le…

8 days ago

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IFA Magazine

Spring Statement brings welcome investment for HMRC's debt and compliance teams says BDO's Jon Claypole in tax overview - IFA Magazine

Commenting on the Chancellor’s Spring Statement and tax elements in particular, Jon Claypole, Head of Tax Dispute Resolution at accountancy and business advice firm, BDO, said: “While today’s Spring Forecast was mercifully light on new tax announcements, there were some notable measures designed to clamp down on unpaid tax debt and increase tax compliance. “At the Autumn Budget last October, HMRC announced that late payment interest would increa…

8 days ago

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