Source: economia.icaew.com 27 October 2017
The latest official statistics indicate that the UK tax gap fell to a record low of 6% in the 2015/16 tax year.
Financial Secretary to the Treasury and Paymaster General, Mel Stride, said that these statistics indicate important strides in “tackling avoidance, evasion and non-compliance”, but that there is still more work to be done.
Jim Harra, Director General, Customer Strategy and Tax Design at HMRC said: “HMRC’s online tax accounts and use of data increasingly help people get their tax right and prevent mistakes and fraud. This enables us to focus on tackling those who deliberately pay less than they owe. Measuring the tax gap gives us vital insights into where to direct our efforts, and tells us that our strategy is succeeding.”