ENERGY-INTENSIVE industries are expected to receive a £250m tax relief boost from the government.
The chancellor’s Autumn Statement on Tuesday is expected to outline tax relief for industries burdened by high costs from European Union emissions trading and the UK’s carbon limit plans, reports the Financial Times.
More than £200m in compensation will be paid out to heavy energy users, if the scheme is approved by the EU. Another £40m in costs will be picked up by the Treasury through increasing the rebate available to companies affected by the climate change levy from 65% to 90%.
At HMRC, Dmitri Surendran was responsible for leading the London team of the offshore, corporate and wealthy unit of the fraud investigation service
Research also finds that 84% of businesses believe that the government has not provided enough information about digital tax plans
A total of £16bn was lost through tax fraud last year, according to estimates released by Pinsent Masons
Additional tax a result of compliance investigations by HMRC, but overall revenue falls