Under threat

Under threat

For a PDF version of this briefing, click here Executive summary Large online businesses – search engines, online retail platforms, social media – can generate revenues from users and customers while having limited or no taxable presence where those users and...
The transparency registers that weren’t

The transparency registers that weren’t

Summary: UK ministers last month hailed five of the UK’s Overseas Territories for putting in place searchable registers to reveal who really owns companies in their territory – a key tool against tax evasion, money laundering and other illicit financial activities....
“With hindsight, the wrong way to do it”

“With hindsight, the wrong way to do it”

Previously we found that HMRC is hardly using powers to investigate, penalise and publicise tax advisers who enable tax abuse. Here we look at why these powers aren’t being used: a barrage of legal roadblocks; and holding back on naming and shaming. *** When tax...
HMRC Investment Announced

HMRC Investment Announced

A step in the right direction, but more to be done £161m investment in HMRC compliance work – set to bring in an additional £3bn over next five years New 50 strong HMRC team tackling R&D fraud to be in place by 2023 Fraud within the tax system costs the UK tens of...