With limited resources, how should the UK prioritise different types and targets of tax enforcement?| TaxWatch
The “tax gap” is the difference between the tax HMRC should collect and the tax it actually collects. Over the last nineteen years, most of the tax gap has fallen by two-thirds – a remarkable achievement. But a deep dive into HMRC’s latest tax gap statistics shows that HMRC has lost control of small business […]| Tax Policy Associates Ltd
Over the last seventeen years most of the tax gap fell by two-thirds – a remarkable achievement. But a deep dive into HMRC’s new tax gap statistics shows HMRC has lost control of small business tax. About a third of corporation tax due from the sector is not being paid. The small business tax gap […]| Tax Policy Associates Ltd
All three political parties say they can raise £5bn or more from cracking down on tax avoidance and evasion. How plausible is this? UPDATED with the June 2024 tax gap figures James Cleverly said on 26…| Tax Policy Associates
There are fundamental issues around the subject of compliance for HMRC, which needs, among other things, a proper workforce plan with trained and motivated staff able to deal with all aspects of compliance.| TaxWatch
Even after years of attempts at reform, offshore havens still offer secrecy for those determined to hide money and evade tax. In a week when Britain's Overseas Territories have ignored yet another deadline for functioning 'beneficial ownership' registers, new figures on UK tax enforcement...| TaxWatch
Quietly buried in HMRC spreadsheets released today is the news that the UK Tax Gap is consistently much bigger than HMRC previously said. New evidence suggests that the government may be under-estimating by several billion pounds the amount of income hidden offshore, and non-compliance amongst the largest and wealthiest taxpayers.| TaxWatch – TaxWatch
Shrinking the £40 billion tax gap and £38 billion of outstanding tax debts is going to be critical for making today’s Spending Review numbers add up. Can HMRC deliver this with a real-term budget cut?| TaxWatch – TaxWatch
From the White House to the tech sector, the UK's Digital Services Tax has been described as a discriminatory 'tariff' almost entirely targeting large US internet companies. New statistics show that's not quite true.| TaxWatch – TaxWatch
The government wants to step up the fight against enablers of tax abuse (again). New powers and better information can help. But HMRC is barely using the powers and penalties it already has.| TaxWatch
HMRC's first offshore tax gap report looks to understate losses at £300m| TaxWatch
Analysis of HMRC R&D relief statistics.| TaxWatch
Sweet Deception: £4.4bn tax evasion leaves a sour taste for HMRC Tax evasion growing amongst small businesses, but HMRC lacks an effective strategic response.| TaxWatch