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

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

by Sarah Walton | Jul 26, 2023

The Treasury Select Committee (TSC) today published a report1 about the complicated world of tax reliefs. Last year TaxWatch provided written evidence to the Committee on this enquiry and in December last year, TaxWatch’s then acting director, Alex Dunnagan, gave oral...
Around £1bn per year lost to fraud and error in R&D tax relief claims

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

by Claire Aston | Jul 20, 2023

£1.13bn – revised estimate of error and fraud in 2020-21 (previously £338m) 24.4% – revised rate of error and fraud in SME scheme (previously 5.5%) £1.05bn – estimated error and fraud in 2022-23 HMRC have finally published initial data from their random enquiry...

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