by Alex Dunnagan | Apr 11, 2022
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...
by Alex Dunnagan | Dec 29, 2021
UK Government has announced an extra £510m boost to DWP to fight benefits fraud following the pandemic. This is in addition to £103m already announced in the spending review HMRC spending £155m to tackle covid related fraud TaxWatch estimates the increase in benefits...
by Alex Dunnagan | Nov 2, 2021
On Wednesday 27 October, the Chancellor Rishi Sunak unveiled his Autumn Budget 2021. This budget was billed as one looking ahead to the “post-Covid” era, with a lot of focus on growth and the economic outlet. Numerous news outlets have covered the major stories coming...
by Alex Dunnagan | Apr 29, 2021
On Monday 19 April MPs met to scrutinise the Finance (No. 2) Bill in a committee of the whole house. In the debate, TaxWatch’s research into “super-deductions” featured prominently, as MPs sought to amend the legislation to ensure some companies were excluded from the...
by George Turner | Mar 4, 2021
Coming in at an enormous £12bn for 2021/22, the Chancellor’s announcement of a “super-deduction” on purchases of capital goods by businesses was one of the largest spending items in the Spring Budget. In fact, it was one of the largest single-year tax giveaways ever...
