The best spent money in Whitehall?

The best spent money in Whitehall?

Yesterday HMRC released its 2026 Report & Accounts. This is the annual occasion when it’s the tax authority’s turn to show its financial sums. There’s much to dig into, but here we take a look at how HMRC’s tax compliance function is doing....
Not just vape shops – the small business tax gap

Not just vape shops – the small business tax gap

The small business tax gap is, on the face of it, the biggest and most urgent problem for UK tax administration. According to HMRC’s figures, an astonishing £36.7 billion of due taxes went unpaid in 2024/25 by small businesses (those with turnovers under £10...