by Simon Watkins | Mar 6, 2025
A comprehensive report on the UK tax advice market has revealed alarming gaps in regulation that leave both taxpayers and public finances vulnerable to significant harm. The report, published by TaxWatch, includes testimony from victims of mis-selling of financial...
by Simon Watkins | Feb 12, 2025
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...
by Simon Watkins | Feb 10, 2025
A National Audit Office report released today focuses on the administrative cost of the tax system. The report finds that HMRC’s costs of administering the tax system increased by 15% (£563 million) between 2019-20 and 2023-24. The report focuses on several...
by Claire Aston | Feb 5, 2025
Over 1.1m of UK taxpayers miss the deadline for submitting their self-assessment return deadline for 2023/24 of 31 January 2025 Automatic £100 late filing penalty automatically due, rising to £300 if the return remains outstanding by end of April Penalty is charged...
by Claire Aston | Jan 30, 2025
Photo credit: Sky News The Labour government’s recent announcement at Davos of changes to their (non UK domiciled) ‘non-dom’ policy marks a significant retreat from one of their few concrete tax commitments. Speaking at the World Economic Forum, Chancellor...
by Claire Aston | Nov 6, 2024
Significant increase in interest charged on late paid tax of 1.5 percentage points, reaching 8.75% from April 2025 expected to exacerbate debt problems for those already struggling to pay £1.1bn of additional revenue expected over 5 years, nearly half from income tax...
