Cash, tax evasion and the hidden economy: call for evidence
Read the full outcome
Detail of outcome
This document summarises responses from stakeholders to the government鈥檚 call for evidence on cash, tax evasion and the hidden economy.
Respondents reported that cash is used in the hidden economy and facilitates tax non-compliance, consistent with HMRC鈥檚 experience, but suggested those who evade tax will continue to do so, regardless of trends in payment methods.
Original call for evidence
Call for evidence description
Recent publications have highlighted a relative decline in the use of cash, as both consumers and businesses increasingly turn to alternative payment methods. This call for evidence seeks a better understanding of what implications the trend away from cash has for tax compliance, and in particular evasion and the hidden economy.
The government invites responses from individuals, businesses, tax and other representative bodies, charities, the financial services and financial technology sectors, retailers, and any other industries that regularly handle cash.
Responses are also welcome from anybody interested in the topic of what changes in the use of cash mean for tax compliance.
Documents
Updates to this page
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Summary of responses published.
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First published.