TaxWatch’s Director, George Turner, wrote an op-ed for the Independent setting out why the government’s recent Tax Gap figures should be treated with caution.
The article sets out how the government’s estimates of tax avoidance vastly underestimate the true scale of the problem.
The full article can be accessed here:
Photo by The New York Public Library on Unsplash
Last year HMRC named 583 deliberate tax evaders, from small businesses to the children of world leaders. Their unpaid taxes and penalties were enough to pay for an extra GP appointment for every child in the UK, and double the figure from the previous year.
Penalties, naming and shaming aren’t working on their own. We suggest two key reasons why not.
Parliament’s Business and Trade Committee says tax compliance is crushing small businesses. HMRC says small business tax abuse is out of control. Can both be true?