HMRC estimated this week that the tax gap for 2011/12 increased to £35bn, up £1bn on 2010/11.
Overall, however, there was a slight decrease in tax gap as a percentage of tax liabilities, down from 7.1% last year to 7% this year.
The reason for the increase of £1bn is down to a £1.5bn increase in the VAT gap, which was offset by...
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