Tag: Tax Gap - Tax Policy Associates

Posts tagged "Tax Gap"

Corporation tax gap as % of total theoretical tax due from each business type

—small
businesses

—Mid-sized
businesses

Jun 19, 2025 Analysis

The small business tax crisis: 40% of tax due isn’t paid

The “tax gap” is the difference between the tax HMRC should collect and the tax it actually collects. Over the last nineteen years, most of the tax gap has fallen by two-thirds – a remarkable achievement. But a deep dive into HMRC’s latest tax gap statistics shows that HMRC has lost control of small business […]

Jun 22, 2024 Analysis

HMRC’s failure to close the small business tax gap costs £15bn/year

Over the last seventeen years most of the tax gap fell by two-thirds – a remarkable achievement. But a deep dive into HMRC’s new tax gap statistics shows HMRC has lost control of small business tax. About a third of corporation tax due from the sector is not being paid. The small business tax gap […]

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External figures assess we will be able to capture £6bn |
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May 27, 2024 Analysis

Is there a tax avoidance magic money tree?

All three political parties say they can raise £5bn or more from cracking down on tax avoidance and evasion. How plausible is this? UPDATED with the June 2024 tax gap figures James Cleverly said on 26 May that the Conservatives would raise £6bn by clamping down on tax avoidance, £1bn of which will fund their […]