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....
Curiously incurious: HMRC’s failures on tax evasion

Curiously incurious: HMRC’s failures on tax evasion

Tax evasion cost UK taxpayers £5.5bn in 2022-23, with 81% from small businesses – up from 66% in 2019-20 Prosecutions for tax evasion down 54% since 2018-19 Phoenixism cost the exchequer at least £500 million in 2022-23 HMRC lacks a specific strategy for...
State of Tax Administration 2024

State of Tax Administration 2024

10th October 2024 Download the report as a PDF (0.6Mb)   Introduction HM Revenue and Customs (HMRC) is at the heart of the UK’s financial stability. As the Government department responsible for administering the tax regime and collecting revenues due to the...