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...
Naming and shaming isn’t working

Naming and shaming isn’t working

There are different reasons for not paying due tax: from genuine mistakes to criminal fraud. At the more serious end of the scale is evading tax liabilities on purpose. Deliberately providing HMRC with inaccurate or false information. Deliberately failing to tell them...