TaxWatch is an investigative think tank, dedicated to compliance with and sound administration of tax law

Holiday let tax rules allow owners to escape thousands of pounds in tax

The tax treatment of furnished holiday properties appears inappropriately generous and could encourage houses to be locked away to save thousands of pounds in taxes.

‘Our tax system is too complicated’ concludes Treasury Committee report on tax reliefs

The Treasury Select Committee has published a report into tax reliefs which calls for regular reviews and the removal of some.

Around £1bn per year lost to fraud and error in R&D tax relief claims

HMRC’s initial data into R&D tax relief claims shows significant underestimates in previous calculations of fraud and error in the schemes.

HMRC’s 2023 Tax Gap report: Proportion of tax going unpaid unchanged from previous year

The amount of tax lost in the 2021-22 financial year was 4.8% of the total tax owed, the same figure as the previous year.