Tax gap holds steady at 4.8%
The amount of unpaid UK tax has remained at an all-time low of 4.8%, HM Revenue and Customs (HMRC) revealed today (22 June).
The amount of unpaid UK tax has remained at an all-time low of 4.8%, HM Revenue and Customs (HMRC) revealed today (22 June).
Statistics published today (23 June) by HM Revenue and Customs (HMRC) reveal the estimated tax gap for the 2020 to 2021 tax year is 5.1% – the second lowest recorded percentage – and is unchanged from the previous year.
The tax gap for the 2019/20 tax year has remained low at 5.3% statistics published today by HM Revenue and Customs (HMRC) have revealed.
The tax gap estimate for 2018-19 is 4.7%, HM Revenue and Customs (HMRC) confirmed today.
The Tax Gap for 2017/2018 is 5.6%, HM Revenue and Customs (HMRC) confirmed today.
The tax gap for 2016/17 is 5.7%, HM Revenue and Customs (HMRC) confirmed today.
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, official statistics published today reveal.
HM Revenue and Customs (HMRC) has had a very successful year with record-breaking and sustained results through 2015 by increasing revenues, reducing costs and improving customer service.
The tax gap for 2013-14 was 6.4 per cent of tax due, continuing a long-term downward trend, reflecting that HM Revenue and Customs’ (HMRC) approach is delivering steady and sustained progress.
The tax gap, which is the difference between the amount of tax due and the amount collected, was 6.8% of tax liabilities, or £34 billion, in 2012-13.
Figures released by HM Revenue and Customs (HMRC) today estimate the tax gap for 2011-12 at 7 per cent (£35 billion) of tax due, continuing a long-term downward trend.
Figures released by HM Revenue and Customs (HMRC) today estimate the tax gap for 2010/11 at £32 billion, or 6.7 per cent of tax due, compared to 7.1 per cent in 2009/10.
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