皇冠体育app

This compares with a revised estimate of 6.6% in 2011 to 2012. 皇冠体育app long-term trend is downward, with the tax gap falling from 8.5% in 2005 to 2006, HM Revenue and Customs (HMRC) confirmed today.

Financial Secretary to the Treasury David Gauke said:

Since 2010 to 2011 the percentage tax gap has stayed lower than at any point under the previous government, saving the country 拢4 billion. Today鈥檚 figures show that there鈥檚 still more work to do but our continued drive to tackle avoidance means that avoidance is down.

In 2012 to 2013 HMRC achieved a compliance yield of 拢20.7 billion, rising to a record breaking 拢23.9 billion in 2013 to 2014.

皇冠体育app UK has one of the lowest tax gaps in the world but HMRC will continue to deploy its resources and skills to maintain the downward pressure that has proved so effective in recent years.

皇冠体育app tax gap also includes the tax owed by companies that have become insolvent 鈥� making it uncollectible, as well as low level errors made in tax returns. 皇冠体育app part of the gap due to tax avoidance fell from 拢3.4 billion to 拢3.1 billion.

皇冠体育app tax gap overall shows a downward trend from 8.5% in 2005 to 2006 (the first year it was compiled) to 6.6% in 2011 to 2012 (revised down from 7% in last year鈥檚 publication) and 6.8% in 2012 to 2013.

Since 2005 to 2006, this fall from 8.5% to 6.8% has delivered an additional 拢43 billion in cumulative tax collected.

皇冠体育app key impacts on the 2012 to 2013 tax gap came from VAT and illicit tobacco, but provisional data for 2013 to 2014 suggests the VAT gap is falling back to earlier levels.

Since 2000, HMRC has reduced the illicit cigarette market by around 40% and, as part of HMRC鈥檚 2010 Spending Review settlement, additional funding was made available to tackle illicit tobacco. Last year some 328 people were prosecuted, 拢518.3 million revenue losses prevented and over 1.4 billion illicit cigarettes seized together with 330 tonnes of hand rolling tobacco.