HMRC recovered £7.9bn less from fraud and error in the first three months of this financial year than it did in the same period in 2019 – a drop of more than half.
Imposing tax increases too early could “stifle” the UK’s economic recovery from the coronavirus pandemic, a report from the Treasury Select Committee has warned.
As director of the Institute for Fiscal Studies, Paul Johnson has overseen a period of ‘extraordinary’ lockdown output from his organisation, charting Covid-19’s economic impact.
Tax reforms should be implemented alongside the raising of tax rates to make eventual rises “less painful”, the Institute for Fiscal Studies has suggested.
The government has an opportunity to use its proposed shake-up of business rates to incentivise energy efficiency measures in commercial property, says Kevin Muldoon-Smith.
The UK Treasury has denied reports that it is to drop the recently-implemented digital services tax amid fears it could jeopardise a post-Brexit trade deal.
Business rate income for local authorities halved in the first quarter, while council tax income stayed steady, according to the first official figures on the impact of Covid-19 on council income.
Savings made by private sector firms and employees during lockdown could help pay for tax rises to cover the repayment of government Covid-19 debt, according to the National Institute of Economic and...
Local government secretary Robert Jenrick has hinted that the government could introduce council tax and business rate reimbursement schemes to help local authorities deal with the financial...
The government is asking for views on the potential of a capital values tax or online services tax to replace business rates in its comprehensive review of the tax.
The government has been criticised for its lack of understanding of the effectiveness of tax reliefs, as after a report from the Public Accounts Committee said it knew "too little" about the schemes.
Chancellor Rishi Sunak has ordered a review of Capital Gains Tax to simplify the system, prompting speculation that a rise in the rate could help bolster the public finances.
Former chancellor Sajid Javid has urged the government to review the current tax system to help reinvigorate the economy in light of the Covid-19 pandemic, including cutting employers’ National...
A reform of the tax system could raise an additional £11bn a year to help fund public services post Covid-19, according to a report from the London School of Economics and Warwick University.
