Tax gap figures increase pressure on HMRC

The UK’s tax gap in 2012/13 was 6.8% of tax liabilities or £34bn, according to HMRC’s latest estimate.

The estimate for 2011/12 was reduced from £35bn to £33bn, or 6.6%, reflecting “continued improvements in reporting and updated data”.

“The long-term trend is downward, with the tax gap falling from 8.5% in 2005/06, HMRC said.

Read more at AccountingWEB.