by Simon Watkins | Sep 9, 2024
Sweet Deception: £4.4bn tax evasion leaves a sour taste for HMRC Tax evasion growing amongst small businesses, but HMRC lacks an effective strategic response Estimated £4.4billion lost to tax evasion by small businesses, although HMRC admit this could be erroneous....
by Simon Watkins | Aug 14, 2024
HMRC accounts qualified again due to persistent large scale error and fraud in SME R&D scheme Levels of error and fraud falling, but remain a material issue for HMRC HMRC needs to address compliance without disincentivising legitimate claims Tax Reliefs need to...
by Alex Dunnagan | Jun 27, 2022
HMRC’s Tax Gap has increased for the second year in a row on a like-for-like basis. The latest HMRC estimates of non-compliance are £32bn for 2020-2021, or 5.1% of total tax revenues. This is the same gap as a percentage as seen in last year’s publication...
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 George Turner | Sep 16, 2021
16th September 2021 The Tax Gap Attributable to Fraud was at least £15.2bn in 2019/20 At least 43% of tax losses arise from fraudulent behaviour Executive Summary HMRC’s annual estimate of non-compliance, “the Tax Gap” is regarded by the department as an...
