For 2018/19, VAT gap is estimated at 10Bn GBP or 7% of total VAT total theoretical liability.
As a comparison, for 2017/18, VAT gap was 13.3Bn GBP.
Source HMRC
Latest Posts in "United Kingdom"
- UK Supreme Court Rules Input VAT on Share Sale Professional Fees Irrecoverable for Holding Companies
- Isle of Man to Raise Plastic Packaging Tax Rate from April 2026
- Supreme Court Upholds VAT Restrictions on Share Sale Costs in Hotel La Tour Case
- UK VAT Gap Rises to £11.9bn in 2024/25, Up from £8.9bn Last Year
- Change in the VAT treatment of supplies of locum medical practitioners
