by Claire Aston | Jul 20, 2023
£1.13bn – revised estimate of error and fraud in 2020-21 (previously £338m) 24.4% – revised rate of error and fraud in SME scheme (previously 5.5%) £1.05bn – estimated error and fraud in 2022-23 HMRC have finally published initial data from their random enquiry...
by Alex Dunnagan | Mar 14, 2023
R&D reliefs predicted to cost over £9bn by 2026-27 – by far the largest corporation tax relief Fraud and error in schemes total over £1.1bn in last three years R&D ‘claims farms’ continue to hard sell opportunities to claim refunds on expenditure that often...
by Alex Dunnagan | Jan 27, 2023
Video Games Tax Relief (VGTR) cost a record £197m last year, more than five times as much as it was anticipated to cost when it was introduced.1 A total of £830m in subsidy to the video games industry has been paid since the relief was introduced, with numbers...
by Alex Dunnagan | Oct 18, 2020
The UK companies behind the James Bond films have minimised tax for decades whilst receiving tens of millions of pounds in subsidy from the UK taxpayer. TaxWatch’s latest report – No Time to Pay Tax? – delves into the accounts of EON Productions...
by Alex Dunnagan | Oct 18, 2020
18th October 2020 How EON Productions, the studio behind the James Bond films, has minimised UK tax for decades whilst receiving tens of millions of pounds in subsidy from the UK tax payer Introduction The British production company behind the hugely successful James...
