by Claire Aston | Nov 28, 2024
Photo credit: Bill Noble/Reuters Rachel Reeves gives unprecedented new tax discount to a few thousand fund managers worth nearly £500m a year by 2028-29 One of the few concrete tax proposals within the Labour Party’s successful General Election manifesto was the...
by Claire Aston | Mar 14, 2024
Budget provided extra £500m in tax relief for TV and film industry New rules create more compliance risks Questions around the schemes’ value for money At TaxWatch, we’ve often written on issues which arise from the granting of generous tax reliefs to particular...
by Claire Aston | Mar 6, 2024
Responding to today’s Spring Budget 2024, the TaxWatch team focuses its thoughts on a few areas it found particularly interesting, from a tax compliance and administration standpoint. Furnished Holiday Lettings (FHL) As speculated in recent days, the Chancellor...
by Alex Dunnagan | Mar 15, 2023
Nothing for HMRC compliance despite huge returns on investment Increases in sentencing for tax fraud and potential new tax offence– only useful if HMRC successfully prosecutes Tax to be simplified – we’re still not sure exactly how R&D reformed yet again Generous...
by Alex Dunnagan | Nov 17, 2022
Minimal efforts to close the tax gap, despite HMRC producing a return on investment of up to 18:1 with compliance work. DWP to receive an extra £112m a year to tackle fraud, but HMRC only to receive £15m. Once again, the government is prioritising going after benefits...
