UK Loses Billions to Retail Tax Evasion
This is a news story, published by Guardian, that relates primarily to National Audit Office news.
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sales suppressionGuardian
•Billions lost from small retailers in tax evasion, says watchdog
76% Informative
National Audit Office says trail of tax debts left by small retailers is widespread.
Chains of retail shops are expert at growing quickly while paying almost no tax.
HMRC estimated that small businesses accounted for 81% of the 5.5bn lost due to tax evasion in 2022-23 , up from 66% in 2019-20 .
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