HMRC publishes its latest Tax Gap – TaxWatch analysis

HMRC publishes its latest Tax Gap – TaxWatch analysis

HMRC’s Tax Gap has increased for the second year in a row on a like-for-like basis. The latest HMRC estimates of non-compliance are £32bn for 2020-2021, or 5.1% of total tax revenues. This is the same gap as a percentage as seen in last year’s publication...
Funding to fight covid related tax and benefits fraud

Funding to fight covid related tax and benefits fraud

UK Government has announced an extra £510m boost to DWP to fight benefits fraud following the pandemic. This is in addition to £103m already announced in the spending review HMRC spending £155m to tackle covid related fraud TaxWatch estimates the increase in benefits...
Funding to fight covid related tax and benefits fraud

Fraud and the Coronavirus Job Retention Scheme

12th May 2021 Download PDF Furlough fraud and error set to cost between £3.5bn and £7bn 5 known arrests for fraud so far concerning £5m in fraud No civil penalties have yet been issued for furlough fraud More investment required to tackle the scale of the problem...
James Bond goes on furlough

James Bond goes on furlough

The news that the latest James Bond Film, No Time to Die, has been delayed for the third time1 comes soon after the companies responsible for producing the film published their latest set of accounts. These reveal that in 2020 the company behind the latest James Bond...