by Simon Watkins | Jan 23, 2025
HMRC’s offshore tax gap estimate labelled “implausibly low” Concerns raised about lack of strategy for reducing the tax gap despite additional resources Questions over fall in criminal prosecutions and potential deterrent effect A political scuffle has erupted over...
by Claire Aston | Jan 7, 2025
Error and fraud within R&D tax relief reached £1.1bn in 2020-21 (24% of all claims) before HMRC took action to stem the losses and tighten up the claims processes. New disclosure facility launched for businesses who overclaimed R&D relief wanting to set their...
by Claire Aston | Dec 17, 2024
Sir Jim Harra, outgoing CEO of HMRC, got a tense grilling by the Public Accounts Committee (PAC) yesterday when he admitted that HMRC don’t have a specific strategy or target for tax evasion within the overall tax gap, as found by the National Audit Office which we...
by Claire Aston | Nov 6, 2024
Significant increase in interest charged on late paid tax of 1.5 percentage points, reaching 8.75% from April 2025 expected to exacerbate debt problems for those already struggling to pay £1.1bn of additional revenue expected over 5 years, nearly half from income tax...
by Claire Aston | Oct 30, 2024
Photo credit: HM Treasury The hype is over at last, but the package of Budget measures is quite a mixed bag! TaxWatch welcomes the targeting of reliefs for inheritance tax and phasing out of business asset disposal relief for CGT, as these were both poorly targeted...
