ARC President highlights the Government’s missed opportunity to close the tax gap

           

In response to HMRC's publication of its latest estimated tax gap for 2014-15 of 6.5% of tax due - equating to £36 billion, ARC President Vicky Johnson said:

"ARC has been consistently stating for many years now that a perfect storm is being created within HMRC, due to a lack of sufficient investment coupled with a significant and rising pay disparity between senior HMRC managers and professionals and their private sector counterparts.

"By letting ARC's warnings go unheeded, the Government has missed yet another opportunity to help close the tax gap."

The FDA issued a press release on the issue.