Opportunities Missed – Autumn Statement 2022

Opportunities Missed – Autumn Statement 2022

Minimal efforts to close the tax gap, despite HMRC producing a return on investment of up to 18:1 with compliance work. DWP to receive an extra £112m a year to tackle fraud, but HMRC only to receive £15m. Once again, the government is prioritising going after benefits...
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...
Spring Budget 2023

Spring Budget 2023

Nothing for HMRC compliance despite huge returns on investment Increases in sentencing for tax fraud and potential new tax offence– only useful if HMRC successfully prosecutes Tax to be simplified – we’re still not sure exactly how R&D reformed yet again Generous...