Changes to VAT penalties and interest from 01 January 2023
UK ‘tax gap’ falls to 5.7% HMRC has confirmed that the tax gap for 2016/17 has fallen to 5.7%.The ‘tax gap’ is the difference between the tax that should theoretically be paid to HMRC and the actual tax that has been paid. HMRC believes that the tax gap is lower as a result of its…