HMRC funding increase signals tougher tax fraud fight City AM talks with Qdos CEO Seb Maley about the extra funding announced in the Autumn Statement to fight tax fraud. The Government will spend an additional £79m in the next five years - a 27% increase on the £292m investment announced at last year’s Budget. HMRC estimates that the extra £79m will help generate an additional £725m in tax receipts across those five years by enabling the department “to allocate additional staff to tackle more cases of serious tax fraud and address tax compliance risks among wealthy taxpayers.” Mr Maley said: “This is a signal of intent from the Government. Upping the investment by nearly a third in just a year and by £371m in only two years shows just how serious HMRC is about cracking down on tax fraud.” We are already seeing a rise in the number of tax investigations into SME's and undoubetedly this trend will start to impact on many motorsport businesses.