by George Turner | Sep 16, 2021
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...
by Chris White | Jul 4, 2025
After years of attempts at reform, offshore havens still offer secrecy for those determined to hide money and evade tax. In a week when five of the UK’s Overseas Territories have ignored yet another deadline for functioning ‘beneficial ownership’...
by Mike Lewis | Jun 11, 2025
Responding to today’s Comprehensive Spending Review (Wednesday 11 June 2025), TaxWatch Director Mike Lewis said: With the Chancellor’s commitment to paying for day-to-day spending only through tax receipts, shrinking the £40 billion tax gap and £38...
by Mike Lewis | Jun 5, 2025
The UK is weighing the future of its Digital Services Tax (DST), under pressure from US trade threats. From the White House to the tech sector, the DST has been described as a discriminatory ‘tariff’ almost entirely targeting large US internet companies. No-one seems...
by Mike Lewis | May 16, 2025
HMRC is recovering more missing tax from wealthy individuals than previously: £5.2 billion in 2023/24. But beneath the headlines: the tax this group is underpaying may be larger than previously thought, and is likely growing, while penalties for their non-compliance...
