Update March 23, 2022: Published second estimate of the VAT gap for the tax year 2020 to 2021.
Second estimate of the VAT gap for tax year 2020 to 2021
The table below gives the headline figures used to produce the second 2020 to 2021 VAT gap estimate.
| Financial year | Net VAT Total Theoretical Liability | HMRC Net VAT receipts | Net VAT receipts related to Net VAT Total Theoretical Liability in 2020 to 2021 | VAT gap (point estimate) | VAT gap (per cent) |
|---|---|---|---|---|---|
| 2020 to 2021 | £129.0bn | £101.7bn | £120.4bn | £8.6bn | 6.7 |
Source gov.uk
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