HMRC loses £13.2bn in tax to criminals
HMRC today released statistics on the tax gap for 2017-2018, and revealed the overall underpaid tax has risen from £33bn in 2016-17 to £35bn, or 5.6% of all expected tax revenue.
Most notably, the £35bn tax gap (underpaid of total theoretical revenue) includes £5.3bn that HMRC attributes to evasion, £4.9bn attributed to criminal attacks, and £3bn to the hidden economy.
“These illegal activities cost the Exchequer £1
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