UK corporation tax

How much tax did multinational companies underpay in the UK last year?

A recent story about multinational companies underpaying billions of pounds of UK tax caught our attention, but it turns out the figures aren’t quite what they seem.

Research & Development tax reliefs – never getting any easier

The government’s Autumn Statement 2023 continues to increase the complexity and administrative burden of the UK R&D regime.

TaxWatch responds to the Chancellor’s Autumn Statement 2023

Amongst the theatrical showmanship that characterises UK fiscal events TaxWatch pulls out a few of the more interesting announcements made in today’s Autumn Statement.

Investment allowances: Greasing the oil industry’s machine?

The extremely high level of tax relief available to the UK’s oil and gas companies compared to all other businesses has the potential to distort private sector investment, TaxWatch believes.

Seven large tech groups estimated to have dodged £2bn in UK tax in 2021

New TaxWatch analysis shows how they appear to use complex tax driven structures to reduce their UK corporation tax.

‘Our tax system is too complicated’ concludes Treasury Committee report on tax reliefs

The Treasury Select Committee has published a report into tax reliefs which calls for regular reviews and the removal of some.

Around £1bn per year lost to fraud and error in R&D tax relief claims

HMRC’s initial data into R&D tax relief claims shows significant underestimates in previous calculations of fraud and error in the schemes.

R&D relief – still not working?

What does the money achieve?

R&D – still changing after all these years

R&D tax reliefs are not working as intended.