Downing Street Says » Public Accounts Committee Report

» Tuesday, February 1, 2011

Public Accounts Committee Report

Asked about the Public Accounts Committee report out today concerning lost money, the PMS said that this was not necessarily money that was lost but money they were pursuing. There was always a difference between the amount of money that theoretically should be raised and the amount of money that actually came in, and HMRC’s objective was to narrow that gap as much as possible.

Asked if the Prime Minister was worried about the size of the gap, the PMS that clearly this was not the situation as we’d like to see it, but HMRC put resources into assessing where they saw the greatest risks to the Exchequer and focussed their efforts on raising that money.

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