HMRC are issuing their tax gap data this morning. Unfortunately I will be committed for much of the day: comment will have to wait. But, if precedent is followed the figure will be just over £30 billion and all my usual criticisms will still apply.
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Looking forward to your comments Richard. As you suggested, just over £30 billion and I would like to read your criticisms as they always make sense of otherwise murky waters which seem to be deliberately difficult to see through! Make sure you get what you are working on finished first though.
[…] I noted earlier today HMRC published their tax gap data for 2020 this morning. I have been distracted all day by other […]
My comment probably isn’t very helpful, but I couldn’t help but laugh at your prediction that HMRC’s tax gap would be similar to the previous ones. This is because I was advised some years ago by another sole trader to always ensure my tax return showed a consistent, if slight, increase in turn over & tax due, in order to avoid HMRC taking a too close look at my books. I wonder if a similar process is happening here?