Preliminary VAT Gap Estimate: Tax Year 2024-2025

July 8, 2026 · WOWERI

HMRC will publish the preliminary VAT gap estimate for the tax year 2024-2025. This estimate will be published on November 26, 2025, at 3 pm.

Introduction

The preliminary VAT gap estimate is an important indicator of the effectiveness of the tax system. The VAT gap represents the difference between the theoretical amount of VAT that should be collected and the actual amount that is collected.

Publication Date

HMRC will publish the preliminary VAT gap estimate for the tax year 2024-2025 on November 26, 2025, at 3 pm. This estimate will be published on the HMRC website and will be available to the public.

Importance of the Estimate

The preliminary VAT gap estimate is an important tool for evaluating the effectiveness of the tax system and identifying areas where improvement is needed.

Source: gov.uk