Tax Evasion in the UK Reaches GBP 82 Bil
September 23, 2014 Taxation in UK
LONDON – Despite claiming to be fighting tax evasion, the UK government has cut resources to the HMRC, and allowed tax evasion to reach GBP 82 billion per year.
On September 23rd Tax Research UK issued a new report prepared for the Public and Commercial Services Union, showing that the amount of taxes evaded, avoided or owed to tax authorities in the UK topped GBP 119 billion in 2013 alone.
According to the results of the research, the total amount of taxes evaded in the UK over the course of 2013 reached GBP 92 billion, and could rise to as much as GBP 100 billion by the end of 2019, unless the government takes drastic action to address the issue.
The current level of tax evasion in the UK has been maintained over the years since 2008, despite the government’s promises to address the problem.
Further, in the report it was noted that while the government has pledged to combat tax evasion and tax avoidance, it has simultaneously cut resources to the HM Revenue and Customs, leading to a 43 percent reduction in the workforce and a closure of several offices and departments.
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