Written Question·Treasury·UIN 86321
Financial Services: Tax Evasion
Tabled: 29 October 2025
Answered: 7 November 2025
Question
Charlotte Nichols
Labour — Warrington North
To ask the Chancellor of the Exchequer, what estimate her Department has made of the annual cost to HMRC through the facilitation of tax evasion by the financial services sector.
Answer
Dan TomlinsonHM Revenue and Customs (HMRC) estimate 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 publ...
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