by Mike Lewis | Nov 19, 2025
What is Rachel Reeves’ second-biggest revenue-raising policy so far? As well as being a question for the most niche pub quiz ever, It’s something that would be near-impossible to guess from the public debate in the run up to this year’s Autumn...
by Mike Lewis | Nov 19, 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...
by Mike Lewis | Nov 15, 2025
Estimating the impact of exempting US-headed groups from Pillar 2 taxes Full report On 28 June 2025, the UK Chancellor and other finance ministers from the G7 group of countries (Canada, France, Germany, Italy, Japan, the UK and the US) unilaterally announced that in...
by Mike Lewis | Nov 5, 2025
Read full analysis A tax deal for US multinationals backed by Chancellor Rachel Reeves could potentially hand US companies a $40 billion annual tax break next year, including around $6 billion for US tech giants, according to new analysis from TaxWatch. The UK...
by Mike Lewis | Oct 17, 2025
A single large pharmaceutical company has received a £3.4 billion tax cut – including £486 million in 2024 alone – from a little-scrutinised tax incentive which is supposed to stimulate innovation and jobs in the UK, even though that company has cut UK...
by Mike Lewis | Oct 6, 2025
Read full report Executive Summary The Patent Box is a UK tax relief which allows companies to pay a corporation tax rate of 10% on profits related to the exploitation of patented inventions and products, rather than the usual 25% rate. Introduced in 2013, the Patent...
