by Simon Watkins | Jan 23, 2025
HMRC’s offshore tax gap estimate labelled “implausibly low” Concerns raised about lack of strategy for reducing the tax gap despite additional resources Questions over fall in criminal prosecutions and potential deterrent effect A political scuffle has erupted over...
by Claire Aston | Dec 17, 2024
Sir Jim Harra, outgoing CEO of HMRC, got a tense grilling by the Public Accounts Committee (PAC) yesterday when he admitted that HMRC don’t have a specific strategy or target for tax evasion within the overall tax gap, as found by the National Audit Office which we...
by Simon Watkins | Sep 9, 2024
Sweet Deception: £4.4bn tax evasion leaves a sour taste for HMRC Tax evasion growing amongst small businesses, but HMRC lacks an effective strategic response Estimated £4.4billion lost to tax evasion by small businesses, although HMRC admit this could be erroneous....
by Simon Watkins | Jul 1, 2024
Mining the tax gap to pay for additional public spending pledges has become the norm during election campaigns for the UK’s major parties. This election cycle is proving to be no different. Both Labour and Conservatives have cited around £6 billion as aspirational...
by Claire Aston | Jun 20, 2024
Nearly £40bn of tax revenues go uncollected in 2022-23 – £4bn more than prior year Non-compliance estimated at 4.8% of all tax owed. 2021-22’s percentage has been revised up from 4.8% to 5.2% Major reasons for the jump are: Behaviours: Higher non-payment/tax debt, now...
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...
