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On the ConservativeHome blog Tim Montgomerie writes that the Conservatives understand scrapping their proposed Inheritance Tax Cut and endorsing Labour's new top rate of tax won't raise much revenue. That's good news and absolutely correct. The Inheritance Tax only raises...
submitted by TaxPayersAlliance on 22nd Mar 2009 (via taxpayersalliance.com)



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MPs urge the department to devise schemes to persuade people to put their tax affairs in order as annual revenue losses from evaders reach more than £2bn
submitted by FT on 9th Dec 2008 (via traxfer.ft.com)
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English district councils spend £1 in every £3 of council tax revenue on gathering and disposing of household rubbish, figures obtained by the Guardian show. So, first be deliberately obtuse about the money. Council tax revenue is about 25% of total council revenue. So we’re really saying that about 8% of council revenue is spent on
submitted by TimWorstall on 12th Oct 2009 (via timworstall.com)
1
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Stupid bloody Kraut The German government believes Britain should be part of a Europe-wide tax on financial transactions, the proceeds of which could help prop up the single currency. That’s the first silliness: there will be no extra revenue. The second is that the direct revenue, before the losses from other taxes as the economy shrinks, would be,
submitted by TimWorstall on 16th Nov 2011 (via timworstall.com)
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3
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Probes into the tax affairs of large companies generated £12.6bn of additional tax in the last four years, making big business the most profitable target for the Revenue's compliance effort
submitted by FT on 25th Apr 2010 (via traxfer.ft.com)
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1
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Collecting *All* The Tax Would Make Us Poorer So here’s an interesting little idea. Yes, we’ve a new report out from our retired accountant from Wandsworth today. About the huge amounts of tax revenue that are lost to governments as a result of the grey economy….the legal activities but illegal because they’re not paying tax, not the black economy which is illegal activities
submitted by TimWorstall on 25th Nov 2011 (via timworstall.com)
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1
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Multinational companies are talking to Revenue & Customs about extricating themselves from tax planning structures that have backfired in the recession
submitted by FT on 21st Sep 2009 (via traxfer.ft.com)
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1
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Financial details of up to 50,000 people who claim tax credit are mistakenly sent out in the post by HM Revenue & Customs.
submitted by BBCPolitics on 27th May 2010 (via news.bbc.co.uk)
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Taxpayers struggling with unexpected tax demands will not face interest charges on the money they owe, Revenue & Customs told MPs in its latest bid to defuse a row over payments of the wrong amounts of tax
submitted by FT on 15th Sep 2010 (via ft.com)
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1
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Here's a summary of the effective marginal tax rates faced by the UK economy*: Commonsense tells us that if tax rates are high enough, the additional extra tax revenue generated by a further hike in rates is cancelled out by a corresponding fall in economic activity, or indeed straightforward tax evasion; a phenomenon known as The Laffer Curve. Nobody knows what the rate at the top of The Laf...
submitted by Mark Wadsworth on 16th Nov 2008 (via markwadsworth.blogspot.com)
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1
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HM Revenue & Customs is coming under pressure to take more tax fiddlers to court amid fears that a steady decline in prosecutions is eroding the deterrence of fraud and evasion
submitted by FT on 16th Jun 2010 (via traxfer.ft.com)

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