TaxWatch responds to the Chancellor’s Autumn Statement 2023
Amongst the theatrical showmanship that characterises UK fiscal events TaxWatch pulls out a few of the more interesting announcements made in today’s Autumn Statement.
Holiday let tax rules allow owners to escape thousands of pounds in tax
The tax treatment of furnished holiday properties appears inappropriately generous and could encourage houses to be locked away to save thousands of pounds in taxes.
Funding of Taxpayer Protection Taskforce raises serious issues
The failure of Sunak’s taskforce highlights concerns over how HMRC compliance is funded.
HMRC’s record on covid support and tax fraud under the microscope
HMRC’s record on tax fraud has been questioned by two select committees and in several parliamentary debates in recent weeks
HMRC reveals new estimate for Covid fraud recovery
Three-quarters of Covid support claimed in fraud and error won’t be collected