UK Parliament Public Accounts Committee Warns of Underestimated Tax Evasion

The UK Parliament Public Accounts Committee has released a report warning that the true cost of tax evasion is likely being vastly underestimated.

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£5.5billion lost to tax evasion could be significant underestimate, PAC report warns

HMRC not sufficiently curious on true scale of evasion, with no strategy for tackling it.

• Read the report
• Read the report (PDF)
• Public Accounts Committee

The true cost of tax evasion is likely being vastly underestimated, as loopholes in the current…