Tax gap creeps up to £34bn
Posted by mostafa on 20 October, 2014
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This item was filled under Tax
The 2012/13 tax gap was £34bn, or 6.8% of tax liabilities, according to newly released HMRC figures, which show a small rise on the £33bn (6.6%) in the previous year (revised down from an initial £35bn).
|
|
% |
£bn |
|
Criminal attacks |
16 |
5.4 |
|
Hidden economy |
17 |
5.9 |
|
Legal interpretation |
13 |
4.5 |
|
Evasion |
12 |
4.1 |
|
Avoidance |
9 |
3.1 |
|
Non-payment |
13 |
4.4 |
|
Lack of reasonable care |
12 |
4.2 |
|
Error |
8 |
2.9 |
The main reason …