Public Account Committee questions resourcing of HMRC

Public Account Committee questions resourcing of HMRC

A new PAC report argues that the government is “missing the opportunity to recover billions” Tax Debt stands at £41.6bn, over £20bn more than pre-pandemic levels, with HMRC estimating it will take “some years” for this debt to be reduced. New PAC report argues that...
ITR Global Tax 50 2022: Alex Dunnagan

ITR Global Tax 50 2022: Alex Dunnagan

At TaxWatch we are hugely proud to announce that our Acting Director has been listed in ITR’s Global Tax 50 2022 (paywall). International Tax Review’s Global Tax 50 is an annual list which highlights “the most influential individuals in the world of tax policy...
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’s Tax Gap 2022 Edition – TaxWatch Briefing

HMRC’s Tax Gap 2022 Edition – TaxWatch Briefing

HMRC’s Tax Gap increases for 2nd year in a row on like-for-like basis Latest HMRC estimate of non-compliance £32bn, or 5.1% of total tax revenues – the same gap as a percentage in 2021. This year’s figure includes a £0.7bn revision downwards to compensate for lower...