We need to talk about Corporation Tax

We need to talk about Corporation Tax

Corporation Tax (CT) has been in the headlines again after several candidates in the Conservative Party leadership race promised to cut the rate. Liz Truss has promised to reverse the planned increase to 25 per cent, while Jeremy Hunt and Sajid Javid, set out plans to...
HMRC publishes its 2022 Tax Gap – TaxWatch analysis

HMRC publishes its 2022 Tax Gap – TaxWatch analysis

HMRC’s Tax Gap has increased for the second year in a row on a like-for-like basis. The latest HMRC estimates of non-compliance are £32bn for 2020-2021, or 5.1% of total tax revenues. This is the same gap as a percentage as seen in last year’s publication...
Committing to a world of good? Etsy’s tax affairs

Committing to a world of good? Etsy’s tax affairs

Online marketplace Etsy paid just £128,000 in UK Corporation Tax in 2020, whilst booking huge amounts of UK revenue in Ireland, new research from TaxWatch has found. As traditional bricks and mortar shops were hit by successive lockdowns as a result of the pandemic,...
Amazon – Public money but no public scrutiny

Amazon – Public money but no public scrutiny

The Centre for International Corporate Tax Accountability and Research (CICTAR) has today published its latest report looking at Amazon,1Amazon Tax Report, CICTAR, 24 May 2022, www.cictar.org/Amazon-Tax revealing the growth and scale of Amazon’s government contracts,...
Another record year for Rockstar Games Tax Relief (RGTR)

Another record year for Rockstar Games Tax Relief (RGTR)

Rockstar Games has revealed that they claimed £68.4m in Video Games Tax Relief (VGTR) in 2020-2021, equivalent to 38% of the entire amount of VGTR paid out that year. The amount Rockstar are claiming is rising every year, taking the total the US-owned company has...