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Small Biz Tax Represents 60% Of UK Tax Gap, HMRC Says

By Natalie Olivo ( June 20, 2025, 1:28 PM EDT) -- The U.K. government took in £46.8 billion ($63 billion) less tax revenue than expected for the 2023-2024 tax year, with noncompliance from small businesses accounting for 60% of the gap, according to HM Revenue & Customs.  ...

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