HMRC is well placed to seek a major investment package as the UK emerges from the current crisis, a law firm has argued.

Pinsent Masons said investing in HMRC would allow the tax authority to increase its enforcement work and therefore generate funds for essential public services.

The 2010 Spending Review and 2015 Summer Budget are both examples of HMRC's enforcement arm succeeding in receiving very significant investment. This allowed it to increase the amount of revenue it prevented from being lost through enforcement activity.

HMRC successfully converted this extra investment into additional tax revenue by ...