The UK tax gap in 2021 was £35billion or 5.6% of total tax liability.  • Required: Identify two factors that contribute to the gross UK tax gap and  explain two tax policy/administrative approaches the UK government takes to  mitigate the impact and to collect the tax not otherwise voluntarily paid.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The UK tax gap in 2021 was £35billion or 5.6% of total tax liability. 
• Required: Identify two factors that contribute to the gross UK tax gap and 
explain two tax policy/administrative approaches the UK government takes to 
mitigate the impact and to collect the tax not otherwise voluntarily paid. 

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