12
Compliance yield is the primary measure of HMRC’s impact on revenue protection.
Conclusion
HMRC defines compliance yield as the additional revenue collected and protected that would have otherwise been lost to the Exchequer if not for HMRC’s interventions. It is the most direct measure of the impact of HMRC’s compliance work, and it covers both the broad effect of its measures to prevent non-compliance and the direct impact of its enquiries and investigations into non-compliance that has already happened.20
Government Response
A response document is linked to this report, dated 21 July 2023. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Report
Forty-Ninth Report - Managing tax compliance following the pandemic
03 May 2023
HC 739
Addressee Bodies
HM Treasury
Timeline
Recommendation age
3.4 yrs
Report published
03 May 2023