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...
HMRC publishes its 2022 Tax Gap – TaxWatch analysis

HMRC Investment Announced

A step in the right direction, but more to be done £161m investment in HMRC compliance work – set to bring in an additional £3bn over next five years New 50 strong HMRC team tackling R&D fraud to be in place by 2023 Fraud within the tax system costs the UK tens of...
HMRC reveals new estimate for Covid fraud recovery

HMRC reveals new estimate for Covid fraud recovery

Three-quarters of Covid support claimed in fraud and error won’t be collected HMRC has revealed that they expect to recover just 25% of a total £5.8bn paid out due to fraud and error in relation to the coronavirus support schemes. 1HMRC responses to inaccurate claims,...