The best spent money in Whitehall?

The best spent money in Whitehall?

Yesterday HMRC released its 2026 Report & Accounts. This is the annual occasion when it’s the tax authority’s turn to show its financial sums. There’s much to dig into, but here we take a look at how HMRC’s tax compliance function is doing....
Private justice, public loss

Private justice, public loss

  A UK company which forms part of one of the world’s largest oil trading multinationals is paying 80 percent of its profits to another part of the multinational in the low-tax Swiss canton of Zug — shrinking its taxable profits in the UK. Our new...
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...