Britain 'lost' £35bn in uncollected taxes last year

[vetran]

If you find out a radically better way of such estimations then publish it and you are likely to get a Nobel Prize in economics.

Yes I have a new method its called Digit In air Relative Estimation. (DIRE for short). Lick fore Finger, raise in air feel direction of wind, think of a number double or halve according to Audience then present.

I'll assume the invite is in the post !

[SimonMac]

I guess there is a threshold which would make it more expensive to go after the "evaders" than it would recoup what we lost

[xoggoth]

£35bn that won't be wasted by government then.

[Clippy]

8%? That's extraordinarily small by global standards. Germany loses far more.
If you weren't such a moron you'd know that and not post pointless threads. But, sadly, you are.

This thread is pointless because PooperScooper is a cretin

HTH

Every little helps.

We're in this together.

etc etc.

[Mich the Tester]

If you find out a radically better way of such estimations then publish it and you are likely to get a Nobel Prize in economics.

Yep, it starts with some coffee beans and a little tin. I'll save the rest for my dissertation.

[AtW]

Very easy indeed if the estimates don't have to be very accurate.

If you find out a radically better way of such estimations then publish it and you are likely to get a Nobel Prize in economics.

[Mich the Tester]

It's fairly easy to make estimates of unpaid tax in cash economy and even easier to do so for those declared schemes that are not yet challenged.

Very easy indeed if the estimates don't have to be very accurate.

[AtW]

Is that the made-up figure that HMRC and the government have come up with based on a session with Mystic Meg or is it based on genuine figures where they can prove that 8.1% of legitimately due taxes are unpaid? I have more than a slight suspicion that the 8.1% is legitimate "avoidance" that they'd like to turn into "evasion".

It's fairly easy to make estimates of unpaid tax in cash economy and even easier to do so for those declared schemes that are not yet challenged.

[AlfredJPruffock]

More like - there was 35 billion they were unable to steal from Britains hard working Taxpayers.

There.

Perfect.

[PAH]

That, or they've identified more taxes they can implement retrospectively.

[craig1]

Is that the made-up figure that HMRC and the government have come up with based on a session with Mystic Meg or is it based on genuine figures where they can prove that 8.1% of legitimately due taxes are unpaid? I have more than a slight suspicion that the 8.1% is legitimate "avoidance" that they'd like to turn into "evasion".

[sasguru]

This thread is pointless because PooperScooper is a cretin

[scooterscot]

This message is hidden because sasguru is on your ignore list.

[sasguru]

Don't worry nothing to see here.

But wait we're saved: Bank of England signals readiness to pump more money into economy

8%? That's extraordinarily small by global standards. Germany loses far more.
If you weren't such a moron you'd know that and not post pointless threads. But, sadly, you are.

HTH

[scooterscot]

Don't worry nothing to see here.

But wait we're saved: Bank of England signals readiness to pump more money into economy