Companies: Taxation

(asked on 5th February 2018) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimates were made of the revenue forgone by the public purse from (a) corporation tax, (b) income tax, (c) National Insurance contributions, (d) value added tax and (e) other taxes as a result of companies being struck from the Register of Companies in (i) 2012-13, (ii) 2013-14, (iii) 2014-15, (iv) 2015-16 and (v) 2016-17; what that data is by registered office of the companies giving rise to the loss for 2015-16.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 13th February 2018

HMRC do not separately estimate the tax gap due to companies being struck off. However, the HMRC Trust Statement contains figures for tax written off each year. Around 90% of the amounts written off relate to insolvencies.

The remainder of the information requested is not held centrally by HMRC.

Reticulating Splines