Construction: Payment Methods

Treasury written question – answered on 20th May 2019.

Alert me about debates like this

Photo of David Morris David Morris Conservative, Morecambe and Lunesdale

To ask the Chancellor of the Exchequer, what estimate he has made of the annual cost to the public purse of the cash-in-hand economy in the private domestic repair, maintenance and improvement sector in the construction industry.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

HMRC does not measure how much of the tax gap is specifically linked to cash. Cash plays a part in supporting the hidden economy and evasion. These behaviours consistently account for roughly 25% of the tax gap.

If anyone is aware of instances of a business or employer using cash to evade tax they can report this to HMRC; online or by phone.

Does this answer the above question?

Yes2 people think so

No1 person thinks not

Would you like to ask a question like this yourself? Use our Freedom of Information site.