Mining the gap
TaxWatch analyses the latest tax gap data and examines manifesto pledges to narrow the gap to see whether they represent credible plans to increase tax revenues
HMRC’s 2024 Tax Gap report: Amount of tax going unpaid hits record high at £39.8bn in 2022-23
TaxWatch analyses the latest Tax Gap publication, noting it has reached £40bn in 2022-23 yet still doesn’t cover offshore matters
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.
Mind the gap: How to collect the right tax?
There are fundamental issues around the subject of compliance for HMRC, which needs, among other things, a proper workforce plan with trained and motivated staff able to deal with all aspects of compliance.
How much tax did multinational companies underpay in the UK last year?
A recent story about multinational companies underpaying billions of pounds of UK tax caught our attention, but it turns out the figures aren’t quite what they seem.
HMRC’s 2023 Tax Gap report: Proportion of tax going unpaid unchanged from previous year
The amount of tax lost in the 2021-22 financial year was 4.8% of the total tax owed, the same figure as the previous year.
HMRC publishes its 2022 Tax Gap – TaxWatch analysis
HMRC’s Tax Gap increases for second year in a row on a like-for-like basis.