Just how accurate are HMRC’s figures for the Tax Gap? Alex Dunnagan crunches the numbers.
The pressure on HMRC to tackle tax fraud is immense. After rolling out multiple coronavirus support schemes in a fast and efficient manner, the organisation now has to deal with a staggering amount of fraud and error in claims for furlough, Eat Out to Help Out, and the Self Employed Income Support Scheme – all against the backdrop of potential cuts to an already stretched headcount. It’s more important than ever to make the argument that HMRC’s compliance work is good value for money, and that the tax gap is being successfully tackled.
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