HMRC's £5.5bn lost taxpayer cash 'just tip of the iceberg'

By Yahoo! Finance   |   2 months ago
HMRC's £5.5bn lost taxpayer cash 'just tip of the iceberg'

MPs warn that HMRC has likely underestimated tax evasion, with concerns that the actual scale is higher than reported. PAC criticizes HMRC for lack of curiosity in investigating VAT evasion by overseas sellers. HMRC defends actions, stating efforts to close tax gap have collected £41.

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