PARLIAMENTARY WRITTEN QUESTION
(10 February 2025)
Question Asked
Asked by:
Lloyd Hatton (Labour)
Answer
HM Revenue and Customs (HMRC) is assessing the feasibility of extending the published estimate of the tax gap arising from undisclosed foreign income, including engaging with academics.
HMRC is determined to address offshore tax non-compliance. At Autumn Budget 2024, the government published a supplementary document outlining HMRC’s approach to addressing offshore tax non-compliance, as part of the government’s wider efforts to close the tax gap: Tackling offshore tax non-compliance - GOV.UK.
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