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HMRC losing ‘billions’ due to small business tax evasion, NAO finds

HMRC also does not have a specific strategy to clamp down on tax evasion, which means it lacks a focus on, or explicit objective for, its performance in this area

The UK is losing billions of pounds a year in revenue due to tax evasion among small businesses, which can “easily” exploit weaknesses in government systems, according to a new National Audit Office (NAO) report.

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