Taxation

Treasury written question – answered on 7th September 2020.

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Photo of Carla Lockhart Carla Lockhart DUP, Upper Bann

To ask the Chancellor of the Exchequer, what additional steps he is taking to reduce the tax gap in the next three years.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

The Government is clear that everyone must pay their fair share of tax. Since 2010, the Government has introduced over 100 new measures to tackle tax avoidance, evasion and other forms of non-compliance, and has secured and protected over £220 billion in tax revenues that would have otherwise gone unpaid.?These efforts have helped to reduce the tax gap to a record low of 4.7% for the year 2018-19.

At Spring Budget 2020, the Government announced a further 24 measures to tackle tax non-compliance, forecast to raise £4.7 billion over the next five years. The Government remains committed to reducing the tax gap and will bring forward further measures in the autumn.

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