Despite Chancellor's plan to raise £6.5 billion by closing the tax gap, inadequate staffing, training, and resources at HMRC raise doubts about its feasibility.
Chancellor's reliance on increasing HMRC compliance staff may fall short, especially given that the existing workforce's quality and modern IT systems are lacking.
The 60% tax gap attributed to small businesses highlights the needs for focused strategies to ensure compliance, especially among those dealing in cash.
Promoters of non-compliance are difficult to manage due to their ability to evade regulations; a more robust and adaptive HMRC strategy is necessary.
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