LONDON: The United Kingdom (UK) Revenue & Customs has failed to tackle tax evaders while perusing them in court trials and going to miss the target set for fiscal year 2014-15. The HM Revenue and Customs has failed in its target to chase criminal trials for tax evasion, which costs the UK £ 35 billion a year.
The HMRC has set prosecuting target of 1,165 people a year for tax evasion by the year 2014-15, however, previous year stats showed that authority has prosecuted just 795 people, which means HMRC will have to increase the number of prosecutions this year by 46% to hit its target.
