HMRC reduces tax gap to lowest ever level

Annual accounts from HMRC show the tax gap fell to 4.7% in 2018-19, the lowest rate ever recorded. However, £31bn is still lost to fraud and error. HMRC says £4.6bn is lost to tax evasion; £4.5bn to criminal attacks; £3.1bn to error and some £5.5bn the result of people and companies failing to take reasonable care when paying.

Read more: The Times

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