Recovering the missing billionsFriday 20 Sep 2019
How auditing can improve tax collection.
Last year, £35 billion of UK tax wasn't collected. To give a sense of scale, that is more than the government spends on police, old age social care, nursery places and buses combined. It amounts to almost 6% of all tax due to the government, and it's been about 6% a year for the last decade.
Arun Advani, CAGE Impact Director sets out the findings of his latest research on self-filed income tax and considers how the government could bring in substantially more tax revenue with one simple change: more targeted audits.