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HMRC dismisses PCS tax gap estimate

The new estimate by the Public and Commercial Services Union (PCS) of the tax gap for 2013/14 has been rejected by HMRC as “flawed and muddled”,

The PCS claims that reductions in estimates of tax avoidance and tax debt have been offset by a significant increase in the estimated tax loss from evasion.

Stuart Coleman, Manager of the Tax Department of ABDS comments:
“The PCS report shows that tax evasion costs our economy more than £80bn a year, and they call upon the Government to “tighten up legislation and reverse the counterproductive cuts in HMRC staffing”.”

An HMRC spokesperson said: “The PCS tax gap estimate is over-inflated, flawed and muddled. The IMF has endorsed HMRC's estimate of the gap at £35bn, which is in line with the Code of Practice for Official Statistics. Since 2011, we have brought in £60bn from tackling tax dodging alone.
 

“Ninety per cent of all tax liabilities are paid and the vast majority of UK taxpayers, both large and small, pay their dues. HMRC's ability to collect what's due is improving, which even the PCS recognises. We are not complacent and will continue to exert maximum downward pressure on the tax gap.”
 

For those who are looking for a more personal approach on a range of individual and business related issues, contact us at ABDS.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients and
mindful of their long term strategic goals

Helping Your Business is Our Business

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