HMRC will publish its preliminary VAT gap estimate for the 2024 to 2025 tax year on Thursday 26 November 2025 at 3pm, following the Chancellor’s parliamentary statement. The VAT gap figures measure the difference between the VAT that should be collected and the VAT actually received by the revenue authority. These official statistics provide insights into VAT compliance levels across the UK economy.
Source: HMRC (GOV.UK) – Read the original