Published 09/09/2024 1:47:00 p.m.

Billions lost to tax evasion but HMRC has no targeted measures to stop it - NAO report

The UK is losing billions annually due to increasing tax evasion by small businesses, according to the National Audit Office report.
While overall tax evasion has stabilized, HM Revenue and Customs reported it has risen among small businesses.
Gareth Davies from NAO stated HMRC lacks a specific strategy to address tax evasion and does not have focused objectives.

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The Independent

HMRC has ‘failed to use new powers’ around retail tax evasion, says watchdog

The National Audit Office said the Government ‘lacks an effective response’ to the issue, despite growing prevalence in recent years.

09/08/2024 11:01:00 p.m.·London, United Kingdom

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Shropshire Star

HMRC has ‘failed to use new powers’ around retail tax evasion, says watchdog

The UK is failing to tackle tax evasion among retailers despite new government powers, according to a new report by the UK’s public spending watchdog.

09/08/2024 11:03:47 p.m.·Ketley, United Kingdom

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Evening Standard

HMRC has ‘failed to use new powers’ around retail tax evasion, says watchdog

The National Audit Office said the Government ‘lacks an effective response’ to the issue, despite growing prevalence in recent years.

09/08/2024 11:01:00 p.m.·London, United Kingdom

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Sky News UK

Billions lost to tax evasion but HMRC has no targeted measures to stop it - NAO report

Though there's an increasing amount of tax evasion from small businesses there's no way for HMRC to track if it's effective at bringing this rule breaking down.

09/09/2024 9:54:00 a.m.·United Kingdom

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GB News

HMRC urged to launch tax clamp down on small businesses to 'raise significant sums'

Tax evasion among small businesses in the UK is rising, according to the country's spending watchdog

09/08/2024 11:01:03 p.m.·London, United Kingdom

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iNews

Billions lost every year from small businesses evading tax

The UK is losing billions of pounds a year in revenue as tax evasion among small businesses is growing, according to a National Audit Office (NAO) report on tax evasion in retail. HM Revenue and Customs (HMRC) lost an estimated £5.5bn due to tax evasion in 2022-23, with small businesses accounting for 81 per cent of that figure. This is up from 66 per cent in 2019-20. While the overall level of tax evasion has stabilised in recent years, the HMR…

09/09/2024 11:00:00 a.m.·London, United Kingdom

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Billions lost to tax evasion but HMRC has no targeted measures to stop it - NAO report

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HMRC has ‘failed to use new powers’ around retail tax evasion, says watchdog

HMRC has ‘failed to use new powers’ around retail tax evasion, says watchdog

HMRC has ‘failed to use new powers’ around retail tax evasion, says watchdog

HMRC has ‘failed to use new powers’ around retail tax evasion, says watchdog

HMRC has ‘failed to use new powers’ around retail tax evasion, says watchdog

HMRC has ‘failed to use new powers’ around retail tax evasion, says watchdog

Billions lost to tax evasion but HMRC has no targeted measures to stop it - NAO report

Billions lost to tax evasion but HMRC has no targeted measures to stop it - NAO report

HMRC urged to launch tax clamp down on small businesses to 'raise significant sums'

HMRC urged to launch tax clamp down on small businesses to 'raise significant sums'

Billions lost every year from small businesses evading tax

Billions lost every year from small businesses evading tax

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