TaxWatch is an investigative think tank, dedicated to compliance with and sound administration of tax law
New statistics show £300m lost to offshore tax gap on over 7million accounts held overseas likely to be gross underestimate
HMRC’s first estimate of the offshore tax gap for 2018, seems a wild underestimate at just £300 million based on questionable methodological choices.
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State of Tax Administration 2024: Rising tax debts, falling customer services and misfiring compliance
TaxWatch launches our State of Tax Administration report, analysing HMRC’s performance in 2023-24
New statistics show HMRC’s clampdown on R&D claims beginning to take effect
Latest HMRC figures show the cost of R&D relief claims increasing but in relation to fewer claims being made for 2022-23. This implies HMRC’s compliance changes are discouraging claims that are less likely to be qualifying, especially those of lower value or in particular sectors.
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