UK Chart Of The Week

The UK tax gap reached a record high of GBP 59.2bn in 2024/25. Analysts suggest that improving tax compliance through AI and better data could help meet funding needs without raising taxes.

Key Takeaways

• 1.The UK tax gap reached a record GBP 59.2bn in 2024/25, equivalent to 6.4% of theoretical tax liability.
• 2.Small and medium/large businesses are responsible for nearly three-quarters of the tax gap.
• 3.Closing the tax gap through improved compliance and AI-driven enforcement could be a less damaging alternative to raising taxes.

Table of Contents

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