The Treasury has said that unpaid tax, which is defined as the gap between tax which is due and which is collected, has fallen to 6%. A spokesman for the Treasury said that the fall is due to a series of innovations to tackle both tax avoidance and tax evasion, with an investment of £800 million into HMRC’s compliance operations.
Mel Stride, the Financial Secretary to the Treasury said:
“Collecting the right tax is crucial to fund our vital public services. Today’s data shows how far we have come in tackling avoidance, evasion and non-compliance, but there is still more to do and we will continue to take action to ensure that everyone pays the tax they owe”.