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Kinsella News

The Tax Justice Network

By August 19, 2014December 31st, 2014No Comments

Well, HMRC, the Tax Justice Network and the Association for accountancy and Business affairs (AABA) can’t agree on what is being undeclared for sales.

The Tax Justice Network et al estimate it’s a £100 billion of sales by companies in the UK, not reported in 2012, leading they say to a corporate tax gap of £40 billion. However, HMRC question this saying as far as they’re concerned the overall tax gap is £35billion.

Well who is going to fall out over £5 billion here or there.