Yearly, we accumulate revenues from thousands and thousands of people and from companies of all sizes. To assist us do that, we phase our clients into teams so we are able to determine their wants and dangers extra precisely and tailor our responses accordingly. The data under present key efficiency information for our buyer teams throughout 2022 to 2023.
There are some variations between the way in which we phase receipts between buyer teams and the way theoretical liabilities are segmented when calculating tax gaps. For instance, as employers function PAYE schemes, we consider compliance in PAYE inside the tax gaps for small, mid-sized and enormous enterprise buyer teams.
Particular person clients: inhabitants 34 million (Earnings Tax payers)
People are by far our largest buyer group and lots of declare tax credit and different entitlements from us, in addition to paying taxes. In 2022 to 2023 they have been outlined as having incomes under £200,000 and property under £2 million in every of the final 3 years.
£315 billion Estimated PAYE and Nationwide Insurance coverage Contributions ( NIC ) receipts collected (to nearest £5 billion)
and Nationwide Insurance coverage Contributions ( ) receipts collected (to nearest £5 billion) £20 billion Estimated receipts – different taxes, akin to Company Tax, VAT , excise duties, Capital Positive factors Tax (to nearest £5 billion)
, excise duties, Capital Positive factors Tax (to nearest £5 billion) £3.2 billion Estimated compliance yield generated from our actions (to nearest £0.1 billion)
£430 million Estimated spend on compliance actions (to nearest £10 million)
£2.1 billion Estimated tax hole estimate for 2021 to 2022 (to nearest £0.1billion)
Rich people: inhabitants 850,000
Rich people typically have complicated tax affairs overlaying a number of totally different taxes. In 2022 to 2023 they have been outlined as having incomes of £200,000 or extra, or property equal to or above £2 million in any of the final 3 years.
£65 billion Estimated PAYE and NIC receipts collected (to nearest £5 billion)
and receipts collected (to nearest £5 billion) £50 billion Estimated receipts – different taxes, together with Company Tax, VAT , excise duties, Capital Positive factors Tax (to nearest £5 billion)
£4.0 billion Estimated compliance yield generated from our actions (to nearest £0.1 billion)
£320 million Estimated spend on compliance actions (to nearest £10 million)
£1.7 billion Estimated tax hole estimate for 2021 to 2022 (to nearest £0.1billion)
Small companies: inhabitants 5.2 million
Small companies signify roughly 95% of companies in UK. In 2022 to 2023 they have been outlined as having turnover under £10 million and usually fewer than 20 workers.
£90 billion Estimated PAYE and NIC receipts collected (to nearest £5 billion)
and receipts collected (to nearest £5 billion) £105 billion Estimated receipts – different taxes, together with Company Tax, VAT , excise duties, Capital Positive factors Tax (to nearest £5 billion)
, excise duties, Capital Positive factors Tax (to nearest £5 billion) £6.5 billion Estimated compliance yield generated from our actions (to nearest £0.1 billion)
£650 million Estimated spend on compliance actions (to nearest £10 million)
£20.2 billion Estimated tax hole estimate for 2021 to 2022 (to nearest £0.1billion)
Mid-sized companies, charities and public our bodies: inhabitants 300,000 (Company Tax Registered Entities)
Mid-sized companies make up roughly 5% of UK companies, however some are rising quickly, making their tax affairs more and more complicated. In 2022 to 2023 they have been outlined as having turnover between £10 million and £200 million or usually 20 or extra workers.
£150 billion Estimated PAYE and NIC receipts collected (to nearest £5 billion)
and receipts collected (to nearest £5 billion) £50 billion Estimated receipts – different taxes, together with Company Tax, VAT , excise duties, Capital Positive factors Tax (to nearest £5 billion)
£4.1 billion Estimated compliance yield generated from our actions (to nearest £0.1 billion)
£280 million Estimated spend on compliance actions (to nearest £10 million)
£3.8 billion Estimated tax hole estimate for 2021 to 2022 (to nearest £0.1billion)
Massive companies: inhabitants 2,000
Massive and complicated companies play a pivotal position within the UK economic system. In 2022 to 2023, they have been broadly outlined as having turnover exceeding £200 million or £2 billion in property, however we have a look at different components akin to complexity, stage of danger and world mobility.
£135 billion Estimated PAYE and NIC receipts collected (to nearest £5 billion)
and receipts collected (to nearest £5 billion) £185 billion Estimated receipts – different taxes, together with Company Tax, VAT , excise duties, Capital Positive factors Tax (to nearest £5 billion)
, excise duties, Capital Positive factors Tax (to nearest £5 billion) £10.2 billion Estimated compliance yield generated from our actions (to nearest £0.1 billion)
£280 million Estimated spend on compliance actions (to nearest £10 million)
£3.9 billion Estimated tax hole estimate for 2021 to 2022 (to nearest £0.1billion)
Notes
