Last year HMRC published its annual accounts for 2019/20 which once again highlighted the reduction of the UK’s Tax Gap. Since first being recorded in 2005/06, the Tax Gap had largely been falling. 

This year’s figures put it at £31billion (4.7 percent) — the lowest rate ever recorded. However, as a direct result of Coronavirus-related fraud and errors (furlough fraud is estimated to cost up to £4.2billion), this trend is now set ...