Tackling the UK tax gap: information, education and evasion

Many of the 30 consultations and discussion papers published on the UK’s recent first ‘Tax Day’ set out a vision for a more streamlined and efficient tax administration system which makes greater use of the increasing amount of data received by the UK tax authority, HM Revenue & Customs (HMRC), and real-time digital processes. Don’t hold your breath though. These papers set out the government’s and HMRC’s aspirations: the reality of a complete overhaul of the tax administration, if it happens, is likely to take ten years or more.

Marilyn McKeever, Partner in our private wealth team, discusses the above in an article for Bloomberg Tax.

The full article is available, here.