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£5.5 billion seems like a huge underestimate in my view as does £500 million to phoenixism.
You hit the nail on the head with the running down of staff numbers at hmrc.
I wouldn't be surprised if we scratched a little deeper we'd find politicians (tories) up to their necks in vape shop payola obviously through another shell company.
I say tories because the decimation of hmrc happened on their watch.
RE: Vape Shops, Sweet Shops and the Slow Death of Paying Your Taxes