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...
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TaxPayersAlliance on 22nd Mar 2009 (via taxpayersalliance.com)
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
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FT on 9th Dec 2008 (via traxfer.ft.com)
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
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TimWorstall on 12th Oct 2009 (via timworstall.com)
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
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FT on 25th Apr 2010 (via traxfer.ft.com)
Multinational companies are talking to Revenue & Customs about extricating themselves from tax planning structures that have backfired in the recession
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FT on 21st Sep 2009 (via traxfer.ft.com)
Financial details of up to 50,000 people who claim tax credit are mistakenly sent out in the post by HM Revenue & Customs.
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BBCPolitics on 27th May 2010 (via news.bbc.co.uk)
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
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FT on 15th Sep 2010 (via ft.com)
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...
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Mark Wadsworth on 16th Nov 2008 (via markwadsworth.blogspot.com)
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
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FT on 16th Jun 2010 (via traxfer.ft.com)