Income Tax: Fraud

Treasury written question – answered am ar 7 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Baroness Kennedy of Cradley Baroness Kennedy of Cradley Deputy Chairman of Committees, Deputy Speaker (Lords)

To ask His Majesty's Government what is their latest estimate of the amount of income tax lost to fraud each year.

Photo of Baroness Vere of Norbiton Baroness Vere of Norbiton The Parliamentary Secretary, HM Treasury

HMRC does not publish a stand-alone estimate of the Income tax gap arising from fraud.

However, ‘Measuring tax gaps 2023 edition’, published in June 2023, shows a reduction in the Income Tax, National Insurance contributions and Capital Gains Tax gap as a percentage of the theoretical tax liability from 4.5% in 2005-2006 to 3.0% in 2021-2022. The publication also provides illustrative estimates for fraud that are included in the criminal attacks and evasion components, plus a proportion of hidden economy and non-payment.

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