2012/13 tax gap

HMRC have announced the latest tax gap figures. The tax gap, which is the difference between the amount of tax due and the amount collected, was 6.8% of tax liabilities, or ยฃ34 billion, in 2012 to 2013.

Financial Secretary to the Treasury David Gauke said:

โ€˜Since 2010 to 2011 the percentage tax gap has stayed lower than at any point under the previous government, saving the country ยฃ4 billion. Todayโ€™s figures show that thereโ€™s still more work to do but our continued drive to tackle avoidance means that avoidance is down.โ€™

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