5 h. ago HMRC doesn't know how many UK billionaires pay tax or how much they cough up

A group of MPs have warned HMRC does not know how many UK billionaires pay tax or the extent to which they contribute to the public finances, in a fresh blow to the prospect of a wealth tax

Economics

6 h. ago HMRC criticised by watchdog for failing to track billionaires’ tax

Report comes as government faces growing demands for wealth tax to improve health of public finances after welfare U-turn earlier this monthHM Revenue and Customs has been sharply criticised by parliament’s spending watchdog for being unable to track how many billionaires pay tax in the UK.In a highly critical report on the collection of tax from wealthy individuals, the influential Public Accounts Committee (PAC) said HMRC could not say how much the super-rich either contributed to the exchequer or avoided. Continue reading...

Economics

11 h. ago How much tax do Britain’s billionaires pay? HMRC has no idea, damning report finds

The finding comes amid growing calls for a wealth tax among Labour MPs

Economics

11 h. ago HMRC 'doesn't know how many billionaires actually pay tax in the UK', MPs reveal

MPs have criticised the taxman for its lack of detailed information on the super-rich and what they pay, potentially making it harder to impose a wealth tax

Economics

11 h. ago HMRC does not know how many billionaires pay tax in UK – report

The Public Accounts Committee is calling for HMRC to publish its plan for increasing tax yield from wealthy taxpayers domestically and offshore.

Economics

11 h. ago HMRC admits it has 'no clue' how many billionaires pay tax in UK

Taxman say in a report that they need to buck up their act to knuckle down on minted dodgers and now need to work out just how many there are

Economics

26 h. ago Report reveals HMRC unaware of how many billionaires pay tax in UK

The findings show there is "much more" the revenue body could do to target wealthy people

Economics