Written Question·Treasury·UIN 73231
Companies: VAT
Tabled: 29 August 2025
Answered: 5 September 2025
Question
Edward Morello
Liberal Democrat — West Dorset
To ask the Chancellor of the Exchequer, what the projected annual loss of tax revenue is from non-VAT registered companies with turnover above the VAT threshold.
Answer
Dan TomlinsonHM Revenue and Customs (HMRC) estimates the size of the tax gap, which is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. The tax gap statistics and details of the estimate methodologies are pub...
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