Revenue and Customs: Finance
(asked on 12th March 2024) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of the funding allocation for HM Revenue and Customs in financial year 2024-25.
This question was answered on 19th March 2024
The government regularly reviews the levels of funding provided to HMRC. The 2021 Spending Review settlement gave HMRC a £0.9bn cash increase over Parliament, from £4.3bn in 2019/20 to £5.2bn in 2024/25.
Additional funding was also provided to HMRC at the recent Budget to ensure the department is able to collect the taxes that are due.