by Simon Watkins | Jul 1, 2024
Mining the tax gap to pay for additional public spending pledges has become the norm during election campaigns for the UK’s major parties. This election cycle is proving to be no different. Both Labour and Conservatives have cited around £6 billion as aspirational...
by Claire Aston | Jun 20, 2024
Nearly £40bn of tax revenues go uncollected in 2022-23 – £4bn more than prior year Non-compliance estimated at 4.8% of all tax owed. 2021-22’s percentage has been revised up from 4.8% to 5.2% Major reasons for the jump are: Behaviours: Higher non-payment/tax debt, now...
by Claire Aston | Jun 14, 2024
At the end of the week of the political party manifestos for next month’s UK General Election, the TaxWatch team have been looking through the various pledges concerning tax from a compliance and administration lens and summarise our thoughts below. Labour Party All...
by Claire Aston | May 23, 2024
With yesterday’s surprise announcement of a UK General Election on 4th July, the current Parliament will be dissolved on Friday 24th May and now the ‘washup’ period begins. This means that bills which are part-way through their Parliamentary scrutiny are either...
by Claire Aston | May 23, 2024
HMRC is being elusive about the amounts due on specific offshore compliance penalties Either systems to track penalties don’t allow HMRC to evaluate effectiveness of specific initiatives, or this information is collated but FOI request was first declined and when...
