Quote:
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The loss in revenue for the government is "significant", he said, having risen from £35m in 2013 to an estimated £80m now "and, it has to be pointed out, far exceeds the forecast £10m efficiency saving
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Actually looking at that quote i dont think the revenue is actually that much down. My math says £80m evaded now - £35m (before) - £10m in savings the new sceme delivers means there now £35m down.
Not included in the figures is the extra revenue there getting from the overlap on sales (now you cant transfer the tax and cant partal refund)