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21st September 2011
The tax gap refers to the theoretical amount of tax that should be collected by the authorities, and what actually is accumulated.
In 2009-10, the gap stood at 7.9 per cent of liabilities, which was slightly down from 2008-09 when it was 8.1 per cent.
Exchequer secretary David Gauke commented: "Just in the last few weeks we have challenged off shore tax evaders, closed tax avoidance loopholes and created a new HMRC unit to ensure that the wealthier members of society pay their way."
Mr Gauke stressed that there is just a minority of rule breakers who are dodging their financial commitments.
He said that efforts will continue to tackle those who do not make the necessary payments, highlighting the need for contractor tax affairs to be in order.
HMRC makes progress in reducing tax gap
Some progress has been made in reducing the UK''s tax gap, latest figures show.
The tax gap refers to the theoretical amount of tax that should be collected by the authorities, and what actually is accumulated.
In 2009-10, the gap stood at 7.9 per cent of liabilities, which was slightly down from 2008-09 when it was 8.1 per cent.
Exchequer secretary David Gauke commented: "Just in the last few weeks we have challenged off shore tax evaders, closed tax avoidance loopholes and created a new HMRC unit to ensure that the wealthier members of society pay their way."
Mr Gauke stressed that there is just a minority of rule breakers who are dodging their financial commitments.
He said that efforts will continue to tackle those who do not make the necessary payments, highlighting the need for contractor tax affairs to be in order.
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