9th Report - Tax evasion in the retail sector

Select Committee
Public Accounts Committee HC 355 12 February 2025
Report Status Government responded
Conclusions & Recommendations 27 items (10 recs)
Source View on Parliament website
Government Response (AI assessment · 25 of 27 classified)
Accepted 14
Accepted in Part 1
Acknowledged 9
Deferred 1
Clear

Recommendations

1 results
24 Deferred
HMRC has not formally assessed transaction-based reporting, despite its acknowledged compliance benefits.
Recommendation
HMRC has not pursued some controls used in other countries, including ‘transaction–based reporting’ where businesses are required to regularly report all sales and purchases to the tax authority, giving up to date information on the VAT owed.71 We asked HMRC … Read more
Government Response Summary
HMRC will explore the viability and effectiveness of additional controls which could reduce the risk posed by tax evasion and they are consulting on e-invoicing, with further development contingent on the outcome of this consultation which closes on 7 May.
HM Treasury
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