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:
โSince 2010 to 2011 the percentage tax gap has stayed lower than at any point under the previous government, saving the country ยฃ4 billion. Todayโs figures show that thereโs still more work to do but our continued drive to tackle avoidance means that avoidance is down.โ