Private equity scores a huge Labour tax climbdown
Rachel Reeves gives unprecedented new tax discount to a few thousand fund managers worth nearly £500m a year by 2028-29 by moving, rather than closing, the ‘carried interest’ loophole
Declaring an interest – why HMRC’s hike in charges on late paid tax is so concerning
Autumn Budget increases interest charge on late paid tax debt, exacerbating problems with those struggling to pay. Interest seems to be used to raise revenue and drive compliance, a concerning development.
TaxWatch’s summary of the UK General Election party manifestos
TaxWatch reflects on the party manifestos for the upcoming General Election
New age related Personal Allowance – rolling back the years?
Conservative Party to re-introduce age related allowances: TaxWatch’s thoughts on the proposal
Can’t or won’t? HMRC’s lack of openness with recent FOI requests
HMRC is being elusive about the amounts due on specific offshore compliance penalties, providing confusing answers to Freedom of Information requests.
Are we nearly there yet? In search of the elusive offshore tax gap
HMRC now says offshore tax gap data will be published in June 2024, two years after the government announced it and a year after the information was due.
TaxWatch responds to the Spring Budget 2024
The TaxWatch team focuses its thoughts on a few areas of the Budget statement it found particularly interesting, from a tax compliance and administration standpoint.
Would scrapping furnished holiday let tax benefits really raise £300m?
Abolishing preferential tax rules for furnished holiday lets owners will only raise the speculated revenue if the compliance rules are carefully thought out.
Taxing online selling: What’s really changing?
Misunderstandings and confusing media coverage last week have created uncertainty about how transactions made via online platforms such as Vinted, Ebay and Airbnb should be taxed.