HMRC's annual report and accounts 2021-22
19 July 2022
HMRC has released a corporate report detailing the financial year 2021-22 and how it has performed against their strategic objectives.
Some key facts and figures highlighted:
- £731.1 billion in total tax revenue
- £30.8 billion tax generated through tackling avoidance, evasion and other non-compliant activity
- Every £1 in tax revenue costs HMRC 0.5p to collect
- 1.7 million businesses using Making Tax Digital for VAT
- More than £98 billion paid out in COVID-19 support
- 215 prosecutions of “tax cheats”
- Reduction in the debt balance from £57.5 billion in 2020-21 to £41.6 billion in 2021-22
- Customer service levels returning to pre-pandemic levels after staffing resource re-assigned
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