🎉Tax-free overtime🎉 Sounds attractive: rewarding the strivers and the toilers. But in real life, a potential recipe for manipulation, reams of resulting anti-avoidance legislation, and significant unfairness. www.linkedin.com/posts/tax-fr...

If you believe some UK papers today, the Chancellor is going to pay for cost-of-living help through a "tax raid" on oil & gas companies' offshore shenanigans. Few have got into the detail. The reality - both about the shenanigans, and the tax raid - is somewhat different...🧵

Make taxes mandatory again. The full Glencore story from @taxwatch.bsky.social: www.taxwatchuk.org/private-just... Link to join our mailing list: taxjustice.uk/join-the-tax...

Different regulatory risks can pool in the same place. As @spotlightcorruption.org points out, a UK subsidiary battling a £1 bn+ 'diverted profits' tax bill for £mm Swiss payments (no suggestion unlawful) also pled guilty to paying £m bribes. Both raise questions for the company's auditors.

While fuel bills go up, the £1.5bn tax bill of one of the world’s biggest oil traders – eyeing bumper profits from war in the Gulf – is still unsettled. Why? Because the UK wants to handle big companies' tax avoidance claims in secret foreign negotiations rather than UK courts🧵

Though we focus on the UK, Glencore's tax affairs raise lots of other important questions in Australia, Colombia... cictar.org/all-research...

Our new investigation in today's @theobserveruk.bsky.social More here: taxwatchuk.org/private-just... #tax #oil #energy #markets #iranwar

Taxing in the dark: @transparencyuk.bsky.social highlights the challenge of overstretched local authorities enforcing the new 'Mansion Tax' when 23% of offshore companies owning UK properties have failed to declare their beneficial owner www.transparency.org.uk/news/uks-new...

"Aggressive tax avoidance & tax evasion have become decriminalised, not through any change in the law but through something far more corrosive: lack of enforcement" Finance Bill 25-26 has new powers against tax schemers. But existing ones aren't being used, says @philbrickellmp.bsky.social

So you’d think their businesses would be last in line for UK tax breaks. You’d be wrong. @taxwatch.bsky.social exposed in the recent Spring Statement the UK gov quietly admitted that their global tax deal will let US multinationals off £700m a year until 2029. 👇 4/7 bsky.app/profile/taxw...

One major story slipped out with today's OBR Forecast, and without any public comment: 🌎A global tax carve-out for US multinationals, pushed by the UK and G7 to appease the US, is expected to let corporate giants off over £2bn of tax by 2028/29. That's £700m a year 🧵/1

We're told the days of large corporates buying off-the-peg tax schemes or shifting profits to tax havens are over. Are big business now 😇tax saints or still 👿tax sinners? taxwatchuk.org/big-corporat... 🧵

The UK government has quietly shelved a programme to build a frictionless post-Brexit trade border, after spending £110mn on a contract with Deloitte and IBM for the project, drawing criticism from trade and tax experts. ft.trib.al/pV6w1i1

£111M later, frictionless post-Brexit border dream 'brought to early closure'

This @financialtimes.com story comes from our latest State of Tax Administration report: an annual deep dive into how well the UK collects tax, and how the administration tasked with doing it is doing. Why do we think that's important? 🧵https://www.ft.com/content/186f4975-40fc-471f-86bb-fe2b7607793d

Are small businesses tax dodgers or tax victims? The Business & Trade Cttee's latest report says tax compliance is crushing small businesses. Yet headlines last year claimed HMRC had 'lost control' of small businesses, failing to collect 40% of small business Corporation Tax. Can both be true? 🧵

New, with @fairness.bsky.social : HMRC surveys suggest tax avoidance & evasion may be becoming more acceptable among the youngest cohort of UK taxpayers, esp men 16-34. Changes are small so far, but we need to start asking if it's real, and why it's happening

thetimes.com/money/tax/article/uk-100-biggest-taxpayers-2026-tax-list-nqsjk2bvn? Today @thetimes.com publishes their annual Tax List: a list of the 'unsung heroes' who are the UK's 100 biggest taxpayers. Or are they? Our response 🧵

This week @houseofcommons.parliament.uk MPs asked HMRC bosses why they won't publish figures on the scale of offshore tax evasion. @taxwatch.bsky.social revealed last year the existence of these internal estimates, larger than published figures. Here's what we learned at the hearing:🧵

TaxWatch's Jack McConnel in today's @financialtimes.com on the white-knuckle run-up to Making Tax Digital (MTD), "the biggest change in a generation for how nearly 3 million people will do their taxes”. www.ft.com/content/3ba1...

The US has won its war on minimum taxes for profit-shifting MNCs, backed by the G7 - including the UK. How much revenue will the UK lose? @hmtreasury refuses to release its estimate. We estimate countries may forego ~$40bn annually (~$6bn from just 6 US tech giants) taxwatchuk.org/a-blank-cheq...

How is HMRC's Digital Transformation really going? 🤜It's needed. Tax evasion is moving online. It's time tax administration did too. But: ⚙️ Some MTD APIs still aren't ready 💷 Costs are up, expected returns down 5 things we learned in 2025: www.taxwatchuk.org/make-tax-dig...

Why don't people trust HMRC? The answers not what you might think - there's more going on than just the fact that people don't like paying tax... TaxWatch deep-dive here: taxinvestigation.co/new/why-dont...

Resourcing HMRC is incredibly good value: every £1 for tax compliance brings in £23. Private-sector orgs dream about ROI like that. But some everyday/automated tax enforcement is error-prone, or hits the poorest hardest. We need to measure tax **enforcement** incidence.

👏 Thank you to everyone who took action and emailed your MPs to say NO to new tax breaks for big tech.👇

🌐Also hidden in today's Budget: the UK is keeping its Digital Services Tax, despite Trump tariff threats. This will safeguard £4.4-5.2bn of tax revenues from the biggest tech companies over this parliament. Read TaxWatch’s DST myth-buster here: taxwatchuk.org/new-taxwatch... #budget25 #budget #tax

TaxWatch's flash Budget response: A new £2.6bn tax dodging crackdown is the Budget’s third-largest tax pledge. But will it work, when existing tools are barely being used? taxwatchuk.org/new-2-6bn-ta... #budget25 #budget #tax

The government’s flagship plan to “close the tax gap” cannot work without the staff required to deliver it. taxwatchuk.org/state-of-tax... New report, and 🧵

x.com/ukaccoalitio... Lloyd Hatton MP calls for HMRC to "get a firmer grip on the scale of wealth that is currently stashed away offshore, and publish its findings openly". Here's how TaxWatch and @tbij.bsky.social found that HMRC have the figures, but won't release them: tinyurl.com/ms559fku

🚨 NEW: We wrote to the Chancellor, urging her not to leave billions lost to illicit finance and tax-related crimes on the table ahead of the upcoming budget. www.ukanticorruptioncoalition.org/work/our-let...

Has the Chancellor, with the rest of the G7, agreed a $6 billion tax break for US big tech? And as we head into a tax-rise budget, why can't taxpayers see the UK Treasury's estimates for how much UK revenue we might be giving away? 🧵

What gets measured gets done. Why we need to end Whitehall secrecy on offshore secrecy...

First, news that the Budget may put Employers' NIC on partnership income. Now a new leak that general partnerships may be exempted to avoid hitting 🩺GP practices. TaxWatch's Mike Lewis talks to @thetimes.com radio.

Also including: - @autonomy-institute.bsky.social on the political economy of AI - @mathewlawrence.bsky.social on the 'privatisation premium' on essentials - @jryancollins.bsky.social on reforming property tax - @taxwatch.bsky.social on the big pharma tax loop hole and more!

1/ 🚨We’re getting a bad deal. Pharma companies are freeloading on the UK taxpayer. Read @taxjusticeuk.bsky.social's new investigation ⬇️ www.taxwatchuk.org/taxwatch-inv...

The UK's Patent Box tax break is meant to promote "innovation". Last year a single pharma company collected a massive £486 million, or a quarter of its entire value. For doing what, exactly? Critical Takes fed into this investigation by @taxwatch.bsky.social www.taxwatchuk.org/wp-content/u...

As Big Pharma’s attack on the UK continues this report by @taxwatch.bsky.social👇shows 1 Pharma company has received billions in tax relief. It’s part of the crazy subsidies we give big business to ‘drive innovation’. Instead it drives monopolies & high prices 🧵 www.taxwatchuk.org/the-great-ph...

🚨BREAKING🚨 💊 GSK lobbied for a juicy tax break, pocketed £3.4bn, then ghosted on UK investments. It's time to end the "Patent Box" tax break scheme, gifting billions to Big Pharma. Full report from @taxwatch.bsky.social: www.taxwatchuk.org/taxwatch-inv...

In this year's Budget, we're told every penny counts. Yet we've found the UK has given one pharma company a £3.4 billion tax cut on profits of patented drugs, including some too expensive for the NHS, while it still cut UK jobs. How did this happen, and why did no-one notice?🧵

The Ethics Adviser’s report is out on Angela Rayner MP's tax error, and one thing is clear: tax advice is complicated. Because the tax system is complicated, and life is complicated. It's high time that the government stopped dragging its feet on regulating tax advice. /1🧵

Amazon UK released figures today about their economic and tax contribution in the UK during 2024. No big surprises - but they do underline a key issue: www.aboutamazon.co.uk/news/company...

UK ministers last month praised 5 UK Overseas Territories for searchable registers to reveal who really owns companies – a tool against tax evasion, money laundering, corruption. TaxWatch wanted see how these registers are working on the ground. It's not quite as expected: 🧵

In the latest edition of Taxation magazine (£), TaxWatch's Chris White rounds up the state of play on offshore secrecy and UK tax: the limits of offshore 'nudge' letters, UK foot-dragging on UKOTs, how CRS interacts with BO registers, and continued gaps in both www.taxation.co.uk/articles/off...

"A report...prepared by Dundee United’s tax consultant...stated that its players spent 24 per cent of their time directly conducting research and development activities" www.thetimes.com/sport/footba...

Stronger powers against ‘enablers’ are back on the table once again. But new figures show that existing powers are still not being used against those who design and enable aggressive tax avoidance and evasion.🧵

From @taxwatch.bsky.social: Last week, five British Overseas Territories, including major offshore financial centres like Bermuda and the British Virgin Islands, added another broken promise to over a decade of delay on tax and corporate secrecy. Read more:

This is a serious issue. The yield from late payment penalties is small. 4- or 5-figure penalties+interest are life-changing for individuals on low incomes. The number of late filing penalties has fallen since the pandemic, but their incidence remains highly skewed.

🔎Meanwhile, new tax enforcement stats obtained by TaxWatch show that HMRC letters to 1,277 UK residents named in the 2021 'Pandora Papers' offshore leak have so far generated just 22 disclosures of undeclared offshore income. More here: taxwatchuk.org/broken-offsh...

After years of attempted reform, offshore financial centres still offer secrecy for those determined to hide money and evade tax. This week, five of the UK's Overseas Territories ignored a seven-year deadline to put in place properly searchable 'beneficial ownership' registers.

TaxWatch's take on today's #taxgap figures. All eyes are on small business, but there's a quietly growing body of evidence that some other categories may be systematically under-estimated, and still contain some very big fish. taxwatchuk.org/the-gap-in-t...