Taxes
Debate between Chris Vince and Gregory Stafford(3 weeks, 1 day ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Chris Vince
The ultimate point here is that an estimated £5.5 billion was lost to the Treasury in 2022-23 as a result of tax evasion, and an estimated £6.6 billion was lost in 2023-24. What impact does the Minister think the previous cuts to HMRC will have on the amount of revenue collected, based on the current taxation rules, which were also agreed to by the Conservative party? How different would the amount in the coffers be if those cuts to HMRC had not been made? Will he consider that fact in the Budget and look at how we can support HMRC to ensure that we collect the correct taxes? Let us talk about the tax that should be collected but is not being collected because of the starving of funding for HMRC. From personal experience, I know that my mum and her colleagues made money for the Government. I appreciate that I went a little bit off topic, Madam Deputy Speaker, but I hope you understand the point I was trying to make.
To reiterate what my right hon. Friend the Chief Secretary to the Treasury said in his opening remarks, the Budget will be set on 26 November, which is why we will vote down this motion.
Gregory Stafford (Farnham and Bordon) (Con)
On that point, will the hon. Gentleman give way?