by Simon Watkins | Feb 12, 2025
Tax evasion cost UK taxpayers £5.5bn in 2022-23, with 81% from small businesses – up from 66% in 2019-20 Prosecutions for tax evasion down 54% since 2018-19 Phoenixism cost the exchequer at least £500 million in 2022-23 HMRC lacks a specific strategy for...
by Simon Watkins | Feb 10, 2025
A National Audit Office report released today focuses on the administrative cost of the tax system. The report finds that HMRC’s costs of administering the tax system increased by 15% (£563 million) between 2019-20 and 2023-24. The report focuses on several...
by Simon Watkins | Oct 10, 2024
10th October 2024 Download the report as a PDF (0.6Mb) Introduction HM Revenue and Customs (HMRC) is at the heart of the UK’s financial stability. As the Government department responsible for administering the tax regime and collecting revenues due to the...
by Claire Aston | Oct 16, 2023
16th October 2023 £60.5bn estimated UK revenues £14.8bn estimated UK profits £2.8bn estimated corporation tax @ 19% £753m estimated UK corporation tax and digital services tax paid £2.0bn estimated UK tax avoided Introduction TaxWatch’s analysis of seven large...
by Sarah Walton | Aug 9, 2023
9th August 2023 • Income and capital gains on holiday let properties taxed less than those for ordinary rented properties • TaxWatch analysis shows owners can pay thousands of pounds per year less in income tax, and tens of thousands less in capital gains tax • Regime...
