Financial Services: Tax Evasion

Summary

To ask the Chancellor of the Exchequer, what estimate her Department has made of the annual cost to HMRC through the facilitation of tax evasion by the financial services sector.

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Timeline

1. 29 October 2025

   Written question

   To ask the Chancellor of the Exchequer, what estimate her Department has made of the annual cost to HMRC through the facilitation of tax evasion by the financial services sector.

   Source: Commons

2. 7 November 2025

   Answer

   HM Revenue and Customs (HMRC) estimate the size of the tax gap, which is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. The tax gap statistics and details of the estimate methodologies are publ...

   Source: Written answer

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• · Treasury · Answering body

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