Value Added Tax (Evasion) (Hansard, 16 January 1986)

HC Deb 16 January 1986 vol 89 c648W 648W

§ 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.