by Simon Watkins | Nov 14, 2024
The Government has summarised responses received to a consultation on raising standards in the tax advice market undertaken by the previous Government. Autumn Statement set out new measures and further consultation. These measures completely ignore the findings from...
by Simon Watkins | Oct 10, 2024
Today TaxWatch publishes our latest State of Tax Administration Report, analysing data from the HM Revenue & Customs (HMRC) Annual Report and Accounts and Freedom of Information requests for the 2023-24 year. The report highlights many of the challenges faced by...
by Simon Watkins | Sep 9, 2024
Sweet Deception: £4.4bn tax evasion leaves a sour taste for HMRC Tax evasion growing amongst small businesses, but HMRC lacks an effective strategic response Estimated £4.4billion lost to tax evasion by small businesses, although HMRC admit this could be erroneous....
by Simon Watkins | Aug 14, 2024
HMRC accounts qualified again due to persistent large scale error and fraud in SME R&D scheme Levels of error and fraud falling, but remain a material issue for HMRC HMRC needs to address compliance without disincentivising legitimate claims Tax Reliefs need to...
by Simon Watkins | Jul 1, 2024
Mining the tax gap to pay for additional public spending pledges has become the norm during election campaigns for the UK’s major parties. This election cycle is proving to be no different. Both Labour and Conservatives have cited around £6 billion as aspirational...
