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HMRC Tax Gap on the rise, but figures leave more questions than answers

HMRC Tax Gap on the rise, but figures leave more questions than answers

by George Turner | Jun 20, 2019

HMRC has this morning published its latest estimate of uncollected taxes, the “Tax Gap”. It shows that on the HMRC methodology the amount of tax uncollected went up by £2bn in 2018 to £35bn. This is in cash terms the highest on record and an increase of...
TaxWatch report estimates UK is losing £1bn a year in taxes to profit shifting by just 5 companies

TaxWatch report estimates UK is losing £1bn a year in taxes to profit shifting by just 5 companies

by George Turner | Oct 28, 2018

A new report released today by TaxWatch, finds that profit shifting by just five tech companies could be costing the UK up to £1bn a year in lost revenues. The data, which is being released the day before the Chancellor gives his budget on Monday, shows that despite a...

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