by Claire Aston | May 23, 2024
HMRC is being elusive about the amounts due on specific offshore compliance penalties Either systems to track penalties don’t allow HMRC to evaluate effectiveness of specific initiatives, or this information is collated but FOI request was first declined and when...
by Claire Aston | May 15, 2024
Multiple delays to the publication of the offshore tax gap statistics, now a full year late TaxWatch had to use FOI powers to discover that the new date for this work is now June 2024 (gov.uk still shows Autumn 2023) Data on which this will be based is from CRS...
by Claire Aston | Mar 6, 2024
Responding to today’s Spring Budget 2024, the TaxWatch team focuses its thoughts on a few areas it found particularly interesting, from a tax compliance and administration standpoint. Furnished Holiday Lettings (FHL) As speculated in recent days, the Chancellor...
by Claire Aston | Mar 5, 2024
We note the recent speculation that the Chancellor is planning to abolish the furnished holiday let (FHL) tax benefits in tomorrow’s Budget statement. TaxWatch raised issues around this regime last year, pointing out how much income and capital gains tax could be...
by Claire Aston | Jan 8, 2024
Misunderstandings and confusing media coverage last week have created uncertainty about how transactions made via online platforms such as Vinted, Ebay and Airbnb should be taxed. Given TaxWatch has long campaigned on issues of tax compliance and administration, we...
by Claire Aston | Nov 22, 2023
Amongst the theatrical showmanship that characterises UK fiscal events TaxWatch pulls out a few of the more interesting announcements made in today’s Autumn Statement. ‘Full expensing’ made permanent – 100% Corporation Tax (CT) relief for plant and machinery...
