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Tax gap narrows slightly to 6.5% in 2014-15

26 October 2016
Issue: 4573 / Categories: News

HMRC report a continuing downward trend.

The UK tax gap for 2014-15 was estimated to be £36bn which is 6.5% of theoretical tax liabilities. This represented a fall from £37bn (6.9%) in 2013-14 after the original figures for that year had been revised upwards by £2.8bn. According to HMRC there has been a downward trend from 8.3% in 2005-06 although the gap has levelled out in recent years.

The gap comprises the following components:

Behaviour £bn %
Hidden economy 6.2 17

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