HMRC have updated their statistics VAT gap estimates.
The VAT gap is the difference between the VAT theoretical liability, estimated using national accounts data, and actual cash receipts.
The statistics have been updated with the document Second estimate of the VAT gap (tax year 2021 to 2022).
https://www.gov.uk/government/statistics/vat-gap-estimates
Related content from Claritax Books
Value Added Tax, written by Ciaran McGee MA (Oxon), FCA, CTA, is an extensive volume (over 1,000 pages), written primarily for non-VAT specialist accountants and tax advisers.
