Tax Evasion Impact on the UK Economy

HM Revenue and Customs estimates that tax evasion activities in the United Kingdom costs the UK economy up to $22.1 Billion (£14 Billion). The amount lost to tax evasion is the equivalent of $839 (£530) from every household in the UK.

In 2010, there were 200 convictions for tax evasion.

Source: Oliver Wright, “CPS launches crackdown on middle-class tax evaders,” Independent, January 22, 2013.