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Studies repeatedly find that tax gaps are much smaller than one would predict given the rarity of audits and the benefits of underpayment.
David Gauke, the Financial Secretary to the Treasury, said last month that "the UK has one of the lowest tax gaps in the world" and that the Government was "determined to continue fighting evasion and avoidance wherever it occurs".
"The administration has as a top priority dealing with the gaps, the gaps in insurance coverage, the gaps in people's ability to elevate their houses and what they can afford they're getting from insurance, another key gap is property tax gaps".
Similar(57)
The corporation tax gap destroys it.
The tax gap as defined by HMRC rose this year, however.
Nick Clegg: He raised the Guardian tax gap campaign.
"But there's a tax gap of £120bn.
In 2009/10 the total UK tax gap was £35 billion.
Thus the net tax gap is a bit lower: $290 billion in 2001 and $385 billion in 2006.
The tax gap is compiled from about 30 separate estimates for different taxes.
We have done it with the information behind our tax gap series on corporate tax avoidance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com