by Simon Watkins | Aug 14, 2024
HMRC accounts qualified again due to persistent large scale error and fraud in SME R&D scheme Levels of error and fraud falling, but remain a material issue for HMRC HMRC needs to address compliance without disincentivising legitimate claims Tax Reliefs need to...
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 | May 15, 2024
Multiple delays to the publication of the offshore tax gap statistics, now a full year late TaxWatch had to use FOI powers to discover that the new date for this work is now June 2024 (gov.uk still shows Autumn 2023) Data on which this will be based is from CRS...
by Claire Aston | Feb 26, 2024
Following our recent article on customer service, the other side of the coin in terms of HMRC effectiveness relates to its compliance activity. Current Tax Gap is 4.8%, or £36bn for 2021/22 HMRC neither resourced nor tasked to reduce the Tax Gap below its current...
