Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The UK's tax gap, which shows the balance between the amount of tax expected and actually paid, fell to a five-year low of $39 billion in the year 2018-19, official data showed.
Although that seems like a massive number, it is actually a 15 year low in percentage terms, according to a The estimate represents 4.7% of the UK's tax liabilities, which means that the HMRC collected 94.3% of all tax due between 2018 and 2019. In the previous year, the was around 5%.
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