Financial Services: Tax Evasion
Commons · Question 86321 · Tabled 29 Oct 2025 · Treasury · Official record
Answered 7 Nov 2025
Question
Asked by Charlotte Nichols
To ask the Chancellor of the Exchequer, what estimate her Department has made of the annual cost to HMRC through the facilitation of tax evasion by the financial services sector.
Answer
Answered by Dan Tomlinson, 7 Nov 2025
HM Revenue and Customs (HMRC) estimate 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 publ...