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.
Video Games Tax Relief costs five times as much as forecast
Video Games Tax Relief (VGTR) cost a record £197m last year, more than five times as much as it was anticipated to cost.