Negative
26Serious
Neutral
Optimistic
Positive
- Total News Sources
- 2
- Left
- 0
- Center
- 1
- Right
- 1
- Unrated
- 0
- Last Updated
- 6 hours ago
- Bias Distribution
- 50% Center


HMRC raises £4.6bn tax using data tool in 2024-25
HM Revenue & Customs (HMRC) has increased its tax collections by £4.6 billion in the 2024-25 tax year using its advanced big-data system known as Connect, marking a 35% rise from its average annual additional tax yield of £3.4 billion. Connect analyzes vast amounts of data from diverse sources including banks, financial institutions, online marketplaces, property records, and social media to detect discrepancies and patterns indicative of tax evasion that would be difficult for humans to spot. Despite the system's effectiveness, HMRC keeps the exact data sources confidential to prevent misuse by criminals. The agency emphasizes that Connect is one tool among many in tax investigations, with human judgment playing a crucial role in decision-making. This technological approach is part of HMRC’s broader strategy to address the UK's estimated £46.8 billion tax gap, the difference between taxes owed and collected. Legal experts view the significant revenue recovered through Connect as evidence of the system's success in enhancing tax compliance.


- Total News Sources
- 2
- Left
- 0
- Center
- 1
- Right
- 1
- Unrated
- 0
- Last Updated
- 6 hours ago
- Bias Distribution
- 50% Center
Negative
26Serious
Neutral
Optimistic
Positive
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