by Alex Dunnagan | May 2, 2023
HMRC must do more to deter and punish tax cheats following disruption to its compliance programme caused by the pandemic, according to a new report by the Public Accounts Committee. It shows HMRC opened 32% fewer cases in 2020-21 than the previous year, after 4,000...
by Dr Pete Sproat | Apr 24, 2023
In 2016 Chancellor George Osborne declared the introduction of the loan charge would “shut down disguised remuneration schemes”. Yet HMRC estimates 31,000 people used such schemes in 2020-21, resulting in a loss of £400m in tax. The authorities have attempted to...
by Alex Dunnagan | Apr 6, 2023
This piece on research and development tax relief was originally published in the R&D Tax Credit Insider newsletter on LinkedIn. What does the money achieve? R&D tax relief is an important government policy intended to incentivise businesses to incur...
by Alex Dunnagan | Feb 2, 2023
Despite his company being ‘named and shamed’ by HMRC for alleged involvement in disguised remuneration schemes, Paul Ruocco continues to be a member of the Institute of Chartered Accountants of England and Wales. TaxWatch have submitted a formal complaint to the ICAEW...
by Alex Dunnagan | Jan 18, 2023
A new PAC report argues that the government is “missing the opportunity to recover billions” Tax Debt stands at £41.6bn, over £20bn more than pre-pandemic levels, with HMRC estimating it will take “some years” for this debt to be reduced. New PAC report argues that...
