Tax gap – who’s the target

Following the Conservative government’s announcement of the abolishment of the non-dom regime the Labour party turned their focus to other means of raising revenue and published a paper on their plan to close the tax gap (the Tax Gap Paper tinyurl.com/ClosetheGapreport). The Tax Gap Paper revealed Labour’s pledge to raise £5.1bn by ‘directly tackl[ing] tax avoidance and evasion’.

The subsequently published Labour party manifesto sets out how policies will be funded (in part) by revenue raised from tackling tax avoidance. Whether intentional or not Labour’s manifesto does not refer (anywhere) to tax evasion which is interesting because it was a focus of the plan outlined in the Tax Gap Paper.

While the Conservatives have not published as many details about their plan to close the tax gap they have pledged in their manifesto to raise a further £6bn a year from...