Four out of ten corporation tax returns contain mistakes.
The figures caused a new row today, as the FT reported the Revenue’s view
that the fact ‘does not come as a surprise.’
The numbers were disclosed in a National Audit Office report on corporation
tax earlier this month.
A spokesperson for HMRC is quoted saying: ‘[the numbers] do not come as a
surprise. It is important to remember that the errors counted here will include
any adjustment to tax, no matter how small (even one penny).’
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states