HMRC ‘vastly underestimating’ UK tax evasion, MPs say
The PAC criticised a 50 per cent fall in the number of criminal prosecutions by HMRC for tax evasion between 2018-19 and 2023 ...
Tax evasion likely ‘far higher’ than HMRC estimates
The true scale of tax evasion is likely far higher than HMRC estimates, the Public Accounts Committee has said.
£5.5bn lost to tax evasion could be ‘vast underestimate’ by HMRC, MPs warn
The cross-party group of MPs warned that HMRC could have significantly underestimated the scale of tax evasion. The cost of ...
Cost Of Tax Evasion Likely Far Higher Than The £5.5 Billion Estimated By HMRC, Say MPs
The amount of money lost to the public purse through tax evasion is likely far higher than the £5.5 billion estimated by Her ...
GB News on MSN3d
HMRC 'vastly underestimating' tax evasion: MPs push for crackdown as 'bad actors' utilise 'loopholes' in system
HMRC's £5.5billion estimate for tax evasion in 2022-23 is likely "vastly underestimated," according to a stark warning from MPs. The House of Commons Public Accounts Committee said the tax authority ...
Yahoo Finance11d
HMRC suspects £325m IHT underpayment amid tax hike concerns
The UK's tax authority, His Majesty’s Revenue & Customs (HMRC), is eyeing a potential £ ... IHT could lead to increased tax avoidance and evasion have also been highlighted.
The Argus12d
Martin Lewis HMRC rules update for eBay, Vinted and Etsy
Martin Lewis has reassured eBay, Vinted, and Etsy users in a video update that most sellers will not be affected by the HMRC changes which have started this month. In a special briefing, the ...
Norwich Evening News12d
Martin Lewis HMRC rules update for eBay, Vinted and Etsy
This now allows tax authorities to detect and tackle tax evasion, while also levelling the playing field with how traditional businesses are treated for tax purposes, according to HMRC. The threshold ...