State of Tax Administration 2025

State of Tax Administration 2025

Full report HMRC is under pressure. Generational demands on key areas of public spending from defence to social care to special educational needs; a Treasury adhering to strict fiscal rules on borrowing; and a government struggling to minimize breaches of its...
Big fish, little fish…

Big fish, little fish…

The UK is in a fiscal tight spot. The Chancellor has promised to raise an additional £7.5 billion over the next four years by boosting HMRC compliance efforts. The Autumn Budget is likely to see more measures intended to make this number go up: perhaps extra...
The transparency registers that weren’t

The transparency registers that weren’t

Summary: UK ministers last month hailed five of the UK’s Overseas Territories for putting in place searchable registers to reveal who really owns companies in their territory – a key tool against tax evasion, money laundering and other illicit financial activities....
New weapons, same problems?

New weapons, same problems?

New powers against ‘enablers’ – those who design and enable aggressive tax avoidance and evasion – are back on the table once again. But new figures show that existing powers are still not being used.   A report published by the Public Accounts Committee...