Gold plating tax reliefs for the silver screen
What are the implications of the additional fiscal support given to the creative industries in the Spring Budget, and do the changes provide value for money?
TaxWatch responds to the Spring Budget 2024
The TaxWatch team focuses its thoughts on a few areas of the Budget statement it found particularly interesting, from a tax compliance and administration standpoint.
Would scrapping furnished holiday let tax benefits really raise £300m?
Abolishing preferential tax rules for furnished holiday lets owners will only raise the speculated revenue if the compliance rules are carefully thought out.
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.