UK Calculates Percentage of Lost Tax From 2017-2018

By in

The UK tax authority has released its latest figures reported to be what they are coining as the tax gap from the financial years 2017-2018; the figure marks the difference between the amount of tax that should have been paid and what was actually paid at 5.6%.

A large portion of the funds are down to VAT (the UK equivalent of goods and services tax), although interestingly, these numbers show an improvement, and have fallen significantly since 2005-2006.