by Claire Aston | Mar 26, 2025
Photo credit: HM Treasury HMRC’s target for prosecution ‘charging decisions’ to be set 20% above the rates achieved in 2023-24. These rates have collapsed since pre-pandemic. It will be 2029 before HMRC’s target returns to the rate achieved in 2019-20 – a lost decade,...
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 George Turner | Jun 7, 2022
Taxation magazine recently carried an article from our Executive Director looking at HMRC’s record on tackling marketed tax avoidance schemes over the last 10 years. The article looks at the differing results HMRC has achieved going after two different types of...
by Alex Dunnagan | Jun 16, 2020
Monitoring the bailout 16 June 2020 – Alex Dunnagan In response to the Coronavirus crisis, the government has made a huge and unprecedented intervention into the economy, providing vast amounts of assistance to the business sector. The comprehensive nature of...
by George Turner | Jun 6, 2020
On 04 June the Bank of England published the names of 53 companies that had outstanding loans under the UK government’s Covid Corporate Financing Facility. The list contains a number of companies that have had links to tax havens, or have seen controversy regarding...
