‘Despite Tory claims that they would cut down on tax evasion and avoidance, the amount of tax dodged each year soared by £3 billion to £35 billion in the first two years of this Government.
The tax gap means the difference between the amount of tax HMRC believe is legally due, and the amount lost to fraud, evasion, error, avoidance or simply going unpaid. The Tax Office last week published the latest estimates for the year 2011/12, although they themselves admit their figures are far from perfect. Some research has indicated the true figure is around three and a half times higher than Treasury estimates at around £120 billion a year.’
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