HM Revenue & Customs (HMRC) is ramping up efforts to tackle tax evasion with stricter customs checks, as Chancellor Jeremy Hunt seeks to reclaim billions in lost revenue for the UK Treasury.
Why the Crackdown?
The move comes amid growing concerns over tax fraud, particularly in cross-border trade. HMRC estimates that tax evasion costs the UK economy billions annually, undermining public services and economic stability.
New Measures in Place
Under the new system, customs officers will conduct more rigorous inspections of goods entering and leaving the UK. This includes:
- Enhanced scanning of high-risk shipments
- Increased scrutiny of undervalued imports
- Closer collaboration with international tax authorities
Chancellor’s Stance
Jeremy Hunt has emphasised that these measures are critical to ensuring a fair tax system. "We will not tolerate those who dodge their obligations while honest taxpayers foot the bill," he stated.
Impact on Businesses
While the crackdown targets fraudsters, legitimate businesses may face delays due to heightened checks. Experts advise companies to ensure full compliance to avoid disruptions.
The initiative is part of a broader strategy to strengthen the UK’s financial resilience post-Brexit, with HMRC playing a pivotal role in safeguarding the economy.
