Measuring Tax Gaps 2023: analysis and predictions

HMRC has published Measuring Tax Gaps 2023 (their annual summary of the tax they haven’t collected). Another strong performance for HMRC raises interesting questions about what HMRC might do next. The data suggests two things: first, that reducing the tax gap further isn’t going to be easy; and second, that HMRC are likely to focus more on the ‘large businesses’ segment of customers.

Craig Kirkham-Wilson’s article for Tax Journal analyses the report and suggests that large businesses should be prepared for further scrutiny of their tax affairs.

To read the article in full, click here.

This article was first published in the 15 September 2023 edition of Tax Journal who have agreed to Simmons & Simmons making it available online.