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HMRC faced £59.2bn shortfall from unpaid taxes in 2024-25, figures show
HMRC said small businesses accounted for 62% of the £59.2 billion tax gap as unpaid corporation tax rose to 18.1%.
- On Tuesday, June 23, 2026, HMRC released data showing the tax gap in Britain rose to £59.2 billion for 2024-25, with small businesses accounting for 62% of that unpaid total.
- Analysis of the HMRC data indicates failure to take reasonable care accounted for 35% of the tax gap, while errors made up a further 16% of the shortfall.
- Addressing the confusion, Andrew Bartlett, chief executive of Advice Direct Scotland, noted these figures remind owners how easily they can "fall foul of the tax system" when overwhelmed by requirements.
- Caitlin Boswell, Deputy Director at Tax Justice, stated it is a "massive worry" that tax dodging by the wealthiest 2% increased over the past year, despite the Chancellor's promise to crack down.
- To support public finances, the government aims to raise nearly £9 billion extra annually within three years by simplifying the complex tax system and shrinking the tax gap.
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HMRC disaster: Rachel Reeves hit with £59.2bn shortfall due to 'abhorrent Britons dodging' tax
The Government faces a £59.2billion shortfall from unpaid taxes despite attempts by the Treasury to bolster revenue, according to shocking HM Revenue and Customs (HMRC).Small businesses make up nearly two-thirds of the UK’s "tax gap" while Chancellor Rachel Reeves targets employers with recent hikes to National Insurance and National Living Wage.Based on the latest figures, the tax authority collected £865.2billion in total over the 2024 to 2025…
·London, United Kingdom
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Coverage Details
Total News Sources12
Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 28%
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