Tax Fraud Gap at least £15.2bn in 2020

Tax Fraud Gap at least £15.2bn in 2020

An analysis of HMRC’s latest Tax Gap estimates by TaxWatch has found that the amount of tax lost to fraud in 2020 was at least £15.2bn. The figures produced by TaxWatch are based on an evaluation of HMRC’s analysis of taxpayer behaviours underlying their annual...
Tax Fraud Gap at least £15.2bn in 2020

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...
Big corporates: tax heroes or tax sinners?

Big corporates: tax heroes or tax sinners?

Today the National Audit Office (NAO) publishes its first assessment in over a decade of how effectively HMRC is chasing the missing tax revenues of Britain’s biggest companies. TaxWatch was pleased to give evidence to the NAO’s enquiry, whose headline...
Are small businesses tax dodgers or tax victims?

Are small businesses tax dodgers or tax victims?

Parliament’s Business and Trade Committee argues in its latest report, released yesterday, that tax compliance is crushing small businesses. Aside from concerns about tax levels and thresholds (about which there is much more to say, especially regarding VAT and...
Recognising the right tax heroes

Recognising the right tax heroes

On Saturday the Sunday Times published its annual ‘Tax List’ – the celebratory counterpart to its better known ‘Rich List’, claiming to list the people that are the country’s top individual taxpayers. As in previous years, the list has fueled claims that millionaires...