Tax Dodging During COVID-19 Pandemic Cost UK £9 Billion: Watchdog

Tax Dodging During COVID-19 Pandemic Cost UK £9 Billion: Watchdog
Models of a man and woman stand on a pile of British coins and bank notes, in this file photo dated Sept. 11, 2018. Joe Giddens/PA Media
Alexander Zhang
Updated:

Tax dodging and non-compliance during the pandemic cost the UK government £9 billion ($11 billion) as thousands of tax compliance staff were redeployed to COVID-19 support schemes, a government spending watchdog has found.

According to the latest report by the National Audit Office (NAO), released on Dec. 16, HM Revenue & Customs (HMRC) has raised around £9 billion less in tax revenue from its compliance activity since the pandemic began in 2020, compared with its historic performance.