Tax gap narrows slightly to 6.5% in 2014-15
Posted by mostafa on 25 October, 2016
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This item was filled under Tax
The UK tax gap for 2014-15 was estimated to be £36bn, which is 6.5% of theoretical tax liabilities. This represented a fall from £37bn (6.9%) in 2013-14 after the original figures for that year had been revised upwards by £2.8bn. According to HMRC, there has been a downward trend from 8.3% in 2005-06, although the gap has levelled out in recent years.
The gap comprises the following components:
|
Behaviour |
£bn |
% |
|
Hidden economy |
6.2 |
17 |
|
Failure … |