Tax Avoidance
The question
To ask the Chancellor of the Exchequer, with reference to HMRC's document entitled Measuring tax gaps 2024 edition: tax gap estimates for 2022 to 2023, updated on 20 June 2024, if she will take steps to widen the scope of the published offshore tax gap statistics.
Answered by James Murray
HM Revenue and Customs (HMRC) is assessing the feasibility of extending the published estimate of the tax gap arising from undisclosed foreign income, including engaging with academics.
HMRC is determined to address offshore tax non-compliance. At Autumn Budget 2024, the government published a supplementary document outlining HMRC’s approach to addressing offshore tax non-compliance, as part of the government’s wider efforts to close the tax gap: Tackling offshore tax non-compliance - GOV.UK.
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