The very odd nature of HMRC’s restatements of the tax gap

Posted on

I have often said that I think it wholly inappropriate that HMRC's board only has non-executive directors who represent the interests of big business. No one else is allowed to be represented.

I recalled this when doing a little more work on HMRC's restatement of past tax gaps  based on data in their new report out today (which they eventually acknowledge in the latter parts of their report, but not in the headline tables where all good reporting standards would require it).

I came up with this table which compares the latest versions for the years noted with the first versions as originally published for the years noted:

Screen Shot 2014-10-16 at 14.57.27

I just couldn't help but note that it seems that its only corporation tax that comes out really well from the restatements. Now why would that be, I wonder?