Tax shortfall reaches £42 billion according to HMRC

About £42 billion of tax went uncollected in the last financial year, according to a report by HM Revenue and Customs (HMRC). The shortfall included £15.2 billion in uncollected VAT and £6 billion in income tax, which the Revenue attributed to problems with the PAYE system used by employers to collect income tax from workers on behalf of the government.