Surge in HMRC probes over unpaid VAT by large companies
Increase comes as government agency steps up efforts to close ‘tax gap’
Increase comes as government agency steps up efforts to close ‘tax gap’

Smaller companies account for almost two-thirds of uncollected revenue

Reassessing taxes and spending every six months introduces excessive policy uncertainty

Delays in dealing with fiscal pressures risk further damage to household consumption, corporate investment and overall growth

The country’s tax system and rising costs sap the returns to hard work

No party looks truly ready to confront tax-resistant voters with some hard questions

US-style incentive scheme expected to be announced at Budget later this month