by Claire Aston | Nov 6, 2024
Significant increase in interest charged on late paid tax of 1.5 percentage points, reaching 9% from April 2025 expected to exacerbate debt problems for those already struggling to pay £1.1bn of additional revenue expected over 5 years, nearly half from income tax...
by Claire Aston | Oct 30, 2024
Photo credit: HM Treasury The hype is over at last, but the package of Budget measures is quite a mixed bag! TaxWatch welcomes the targeting of reliefs for inheritance tax and phasing out of business asset disposal relief for CGT, as these were both poorly targeted...
by Claire Aston | Oct 24, 2024
£300 million tax lost to non compliance by UK resident individuals on offshore accounts in 2018-19 This figure appears to be a gross underestimate, definitely excluding any assets held through companies, and the treatment of assets within trusts isn’t clear...
by Claire Aston | Oct 17, 2024
We are expanding our small team, and looking to add a part time Project Research Officer to work on issues related to offshore compliance and HMRC’s current approach to tackling these. TaxWatch is an investigative think tank, and the UK’s only charity dedicated...
by Claire Aston | Sep 27, 2024
Yesterday HMRC published its annual statistics on the tax relief for Research & Development (R&D) in the 2022-23 tax year. The main findings were: A fall in the number of claims made, down 21% to 65,690. Most of the fall was concentrated in the SME scheme,...
