The tax fraud gap – 2021 edition

The tax fraud gap – 2021 edition

16th September 2021 The Tax Gap Attributable to Fraud was at least £15.2bn in 2019/20   At least 43% of tax losses arise from fraudulent behaviour Executive Summary HMRC’s annual estimate of non-compliance, “the Tax Gap” is regarded by the department as an...
State of Tax Administration 2025

State of Tax Administration 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...
The great pharma tax giveaway

The great pharma tax giveaway

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...