So, just how big is the UK’s tax gap?
The tax gap is the difference between what the tax authority believes should be paid in tax and what is actually paid. It comprises tax evasion, tax avoidance, tax lost to the hidden economy, and companies and individuals falling to take reasonable care.
According to Her Majesty’s Revenue and Customs (HMRC), the total figure is a staggering 35ドル billion.
As a comparison, the scale of benefit fraud – which is, of course, equally indefensible – is estimated at 1ドル.9 billion.
More information on the tax gap here.
This entry was posted on Monday, October 28th, 2013 at 10:07 am and is filed under British current affairs. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.