HMRC has published its second estimate of the VAT gap for 2013/14, where the VAT gap is the difference between the amount of VAT that should, in theory, be collected by HMRC, against what is actually collected.
HMRC has published its second estimate of the VAT gap for 2013/14, where the VAT gap is the difference between the amount of VAT that should, in theory, be collected by HMRC, against what is actually collected. The VAT gap for 2013/14 has now been estimated to be around 10.3% of the estimated total theoretical VAT liability, which equates to £12.1bn. See www.bit.ly/1Gsxs4h.
HMRC has published its second estimate of the VAT gap for 2013/14, where the VAT gap is the difference between the amount of VAT that should, in theory, be collected by HMRC, against what is actually collected.
HMRC has published its second estimate of the VAT gap for 2013/14, where the VAT gap is the difference between the amount of VAT that should, in theory, be collected by HMRC, against what is actually collected. The VAT gap for 2013/14 has now been estimated to be around 10.3% of the estimated total theoretical VAT liability, which equates to £12.1bn. See www.bit.ly/1Gsxs4h.
