Consultation outcome

Cash, tax evasion and the hidden economy: call for evidence

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Call for evidence: cash, tax evasion and the hidden economy - summary of responses

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Detail of outcome

This document summarises responses from stakeholders to the government’s 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’s experience, but suggested those who evade tax will continue to do so, regardless of trends in payment methods.

Original consultation

Summary

This call for evidence seeks views on what changes in the use of cash mean for tax compliance.

This consultation ran from
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Consultation 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

Cash call for evidence

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 25 November 2015
Last updated 24 March 2016 + show all updates
  1. Summary of responses published.
  2. First published.