What Will Help HMRC Tackle the Tax Gap in 2026?

What will help HMRC tackle the tax gap in 2026?

We hope that you have succeeded so far in sticking with your New Year’s resolutions and that being more efficient with tax filings is on the list. HMRC certainly seems to have it in mind, as it is hoping to do more to tackle the tax gap in 2026. To stay up to date, you should know what penalties are rising this year and how to stay compliant. Will the tax gap be tackled in 2026? The tax gap is the difference between the amount of tax owed and th…

How is HMRC approaching the tax gap in 2026?

By now, you may have already begun trying to make your New Year’s resolutions stick, although some may have already been abandoned. For HMRC, a consistent resolution is to tackle the tax gap that contributes to the challenges in raising public finance. It is worth understanding what HMRC is aiming to achieve this year and how it may impact you. How is HMRC planning to tackle the tax gap? As the tax gap arises when individuals and businesses fail…