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 Mike Lewis | Oct 6, 2025
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...
by Mike Lewis | Sep 11, 2025
Read full briefing As US President Donald Trump prepares to fly into the UK next week for his second state visit, big tech and tax are almost certainly on the agenda. It’s been reported that the bosses of Apple and OpenAI will join Trump’s delegation, and...
by Mike Lewis | Sep 6, 2025
Now that the Ethics Adviser’s report is in on the Rt Hon Angela Rayner’s tax error, one thing is clear: tax advice is complicated. Because the tax system is complicated, and life is complicated. Although there’s no suggestion that the firms in this case...
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’...
