Companies: VAT
Commons · Question 73696 · Tabled 1 Sep 2025 · Treasury · Official record
Answered 5 Sep 2025
Question
Asked by Edward Morello
To ask the Chancellor of the Exchequer, what estimate she has made of the loss of tax revenue from non-VAT registered companies with turnover above the VAT threshold in the next five years.
Answer
Answered by Dan Tomlinson, 5 Sep 2025
HM Revenue and Customs (HMRC) estimates the size of the tax gap, which is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. The tax gap statistics and details of the estimate methodologies are pub...