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Giant UK corporations owe £2.7bn in unpaid VAT

HMRC is lacking out on a complete of £2.7bn in underpaid VAT, a brand new...

HMRC is lacking out on a complete of £2.7bn in underpaid VAT, a brand new learn about has published.

HMRC suspects 208 of the United Kingdom’s 2,000 biggest companies have underpaid VAT via a mean of £13.4m each and every, consistent with contemporary research via Thomson Reuters.

The learn about stated that the £13.4m determine pertains to “tax into consideration”, which is an estimate of the quantity of VAT HMRC believes has long gone unpaid, previous to complete tax investigations being finished.


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