HMRC reveals key tax avoidance figures

News Team, 30/03/2021

Despite HMRC’s focus on it, tax avoidance isn’t as widespread as people might think. In fact, according to HMRC’s own figures only an estimated £1.7 billion was lost to tax avoidance in 2018 to 2019.

Around half of this (£0.9 billion) is attributed to Corporation Tax. A further £0.6 billion – which relates to avoidance schemes marketed to individuals – comprises unpaid Income Tax, National Insurance contributions and Capital Gains Tax.

Other direct taxes...

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