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Claritax News

VAT – HMRC update VAT gap estimates

23 Mar 2023

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.

Value-Added-Tax

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Recent Posts

  • Disputed input VAT recovery – FTT dismisses Appellant’s disclosure application – Easytruck Ltd
  • HMRC statement of account was not an appealable decision – no appeal permitted against interest on late paid tax – appeal struck out – Ghani
  • Appeal struck out following withdrawal of PLNs – no appealable decision – O’Neill
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