The Fair Tax Mark tweeted yesterday: Hmmm🤔 HMRC’s Annual Report just out. Curious how the UK’s official “Tax Gap” stays pretty much flat year-in year-out,
Read the full article…
HMRC underestimate the UK tax gap by £55 billion
I wrote this yesterday about HMRC’s tax gap estimates for this year, which had then not been published: I gather HMRC will be publishing their
Read the full article…
The UK tax gap is £90 billion a year
I gather HMRC will be publishing their latest tax gap figures this week. The last are here. I can make a fairly confident prediction. The
Read the full article…
HMRC’s errors on Scottish tax revenues suit Westminster: don’t expect any corrections any time soon
As The Times reports this morning: Taxpayers in Wales face having extra money taken out of their wages after being incorrectly labelled as Scottish. And
Read the full article…
One in ten UK taxpayers has an offshore bank account
HM Revenue & Customs reported this week that: In 2018, HMRC received information about the offshore financial interests of around 3 million UK resident individuals, or entities
Read the full article…
Automatic information exchange from tax havens works
A story I have told a number of times is how in June 2009 I was told by the UK Treasury that automatic information exchange
Read the full article…
HMRC has almost halved the number of transfer pricing investigations in the last five years
In January this year HM Revenue & Customs launches a new tax amnesty for large businesses in the UK. As I noted at the time:
Read the full article…
Bogus numbers
The world really is full of crap. That’s my abbreviation for Completely Rubbish Approximations to the truth. Take this report I saw yesterday based on
Read the full article…
Is HMRC letting big business off the tax hook?
HMRC have announced a new tax amnesty. And this time it is for big business. It’s called the Profit Diversion Compliance Facility, and what it
Read the full article…