HMRC estimates that the UK tax “gap” from unpaid taxes reaches £59.2 billion in the 2024-25 tax year, according to figures reported by multiple outlets. The tax gap is described as the difference between the amount of tax that should be paid and what is actually paid on time. For 2024-25, the tax gap is estimated at 6.4%, which is higher than the year before, indicating an increase in the share of taxes not collected as expected. The figures reflect HMRC’s assessment of underpayment and non-payment across the tax system. While the reported numbers do not break down the tax gap by category in the provided summaries, they establish both an overall monetary estimate and a percentage measure for the period. Overall, the reporting is consistent that 2024-25 shows a larger estimated shortfall than the preceding year, based on HMRC’s published modelling and calculations.
HMRC estimates £59.2bn tax shortfall from unpaid taxes in 2024-25
HMRC estimates that the UK tax “gap” from unpaid taxes reaches £59.2 billion in the 2024-25 tax year, according to figures reported by multiple outlets. The tax gap is described as the difference betw...
- HMRC estimates a tax shortfall (“tax gap”) of £59.2 billion for the 2024-25 tax year.
- The tax gap is estimated at 6.4% for 2024-25.
- The estimated tax gap is higher than in the previous year.
- The figures are based on HMRC estimates of unpaid or underpaid taxes rather than amounts fully collected.
The tax gap was estimated to be 6.4% in the 2024-25 tax year, higher than the year before.
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