The Government’s crackdown on tax avoidance has seen a record £23.9bn raised in additional tax for the year to the end of March.
The BBC reports the figure is almost £1bn higher than the target set by Chancellor George Osborne in the Autumn Statement. The total is said to be the highest amount in additional tax since records began.
HM Revenue & Customs says of the total amount raised, over £8bn came from large business, £1bn from criminals and £2.7bn from tackling avoidance schemes in court.
HMRC is targeting £100bn between May 2010 and March 2015 as a result of its investigations into unpaid tax.
Treasury minister David Gauke says: “HMRC will pursue those seeking to avoid their responsibilities and will collect the taxes that are due.
“The Government is determined to tackle the minority that seek to avoid paying the taxes they owe.”