Tag: Tax gap

EU VAT Gap reduced by €38 billion in 2021

27 October 2023| CATEGORIES: EU VAT Gap, VAT compliance| TAGS: EU, Tax gap, VIDA

The EU Commission has published the annual VAT Gap study, which measures the difference between theoretically expected VAT revenues and the amount actually collected.  The report shows that Member States lost around €61 billion in VAT in 2021, compared to €99 billion in 2020. The lost revenue mainly relates to VAT fraud, evasion and avoidance, …

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HMRC publish 2019/20 tax gap analysis

7 October 2021| CATEGORIES: HMRC, Tax, Tax gap, VAT| TAGS: HMRC, Tax gap, VAT

The tax gap for the 2019/20 tax year is 5.3%, which represents £35 billion, according to statistics recently published by HM Revenue and Customs (HMRC). The total tax gap for Value Added Tax (VAT) is £12.3 billion.