by Claire Aston | Dec 14, 2023
We’ve written for many years about the UK’s stubbornly high tax gap. This is the amount of tax that should have been paid if businesses and individuals had complied with all applicable tax legislation, but hasn’t been. The figure is estimated by HMRC for each tax...
by Claire Aston | Nov 23, 2023
The fiscal event favourite, R&D tax reliefs, produced further conundrums for businesses and advisers and, therefore, HMRC. The government’s Autumn Statement 2023 confirmed the planned changes to the two main R&D tax relief schemes, which will create a...
by Claire Aston | Nov 22, 2023
Amongst the theatrical showmanship that characterises UK fiscal events TaxWatch pulls out a few of the more interesting announcements made in today’s Autumn Statement. ‘Full expensing’ made permanent – 100% Corporation Tax (CT) relief for plant and machinery...
by Claire Aston | Nov 10, 2023
The extremely high level of tax relief available to the UK’s oil and gas companies compared to all other businesses has the potential to distort private sector investment, TaxWatch believes. We also question whether this was the policy intention when the Energy...
by Dr Pete Sproat | Oct 30, 2023
Two proposals in the draft Finance Bill 2023-24 aimed at tackling “the most persistent and determined promoters of tax avoidance” have been welcomed by TaxWatch. The criminalisation of those who fail to comply with a Stop Notice under the POTAS (promoters of tax...
