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Tax Gap remains low

Tax Gaps

HMRC have confirmed that the Tax Gap for 2017-2018 is 5.6%. This shows a reduction of 1.6% from 2005-2006. This means that HMRC have successfully collected 94.4% of all tax due under the law in 2017-2018. Jesse Norman MP, Financial Secretary to the Treasury said: The UK’s low tax gap underlines both how the vast … Read more