During yesterday's Westminster Hall debate on HMRC capacity and resources, Shadow Exchequer Secretary to the Treasury, Catherine McKinnell, mentioned the Association of Revenue and Customs (ARC) during a discussion on the return on investment in HMRC staff.
McKinnell said: "The Association of Revenue and Customs - ARC - estimates that a senior tax official, earning £50,000 a year, can expect to generate an additional yield of at least £1.5 million a year-a return of 30 times the cost of their salary."
ARC were also mentioned in the same debate by John McDonnell MP, who noted that "one of the points made by PCS, ARC and the ICAEW is that the impact assessments religiously fail properly to assess not only the implications for staff, but the cost to business and taxpayers overall. Will the Minister look at, and perhaps consult on, how such impact assessments are undertaken and how they can be improved?".
McDonnell also highlighted ARC's description of the number of skilled, experienced staff who have left HMRC as a "demographic time bomb".
The transcript of the debate was published today as part of Hansard, the edited verbatim report of proceedings from both Houses.
Read the full debate at:Hansard - Westminster Hall debate on HM Revenue and Customs
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