HC Deb 16 January 1986 vol 89 c648W
22. Mr. Heathcoat-Amory

asked the Chancellor of the Exchequer what is the estimated loss of revenue from value added tax evasion.

Mr. Brooke

By the very nature of tax evasion, it is not possible to give a reliable estimate. Customs and Excise has, however, indicated that the VAT revenue lost may total between £300 million and £500 million a year.

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