The gap in the Tax Gap

The gap in the Tax Gap

Summary: Quietly buried in HMRC spreadsheets released today is the news that the UK Tax Gap – the gap between tax due and tax collected – seems consistently to be billions of pounds bigger than HMRC previously estimated. New evidence suggests that the...
Back to the drawing board

Back to the drawing board

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 some of the powers and penalties it already has.  *** Laws that aren’t enforced are simply polite recommendations....
Private equity scores a huge Labour tax climbdown

Private equity scores a huge Labour tax climbdown

Photo credit: Bill Noble/Reuters Rachel Reeves gives unprecedented new tax discount to a few thousand fund managers worth nearly £500m a year by 2028-29 One of the few concrete tax proposals within the Labour Party’s successful General Election manifesto was the...