HOW A ‘WEALTH TAX’ MIGHT WORK
How a wealth tax might function in practice Last week, Peter Lamb MP wrote an article about some of the practical aspects. He was proposing alternatives to welfare cuts, emphasising the importance of understanding how a wealth tax would function. Who would pay for it? Only a small group of Continue Reading
HMRC MISSING BILLIONS IN TAX
HMRC is missing at least £40 billion in unpaid tax, known as the ‘tax gap’, which is the difference between the amount of tax owed and what the government collects. This is unacceptable at a time when health services and public services are on the brink of collapse due to Continue Reading
Government resists reforms on bogus companies
The UK government has refused to deny claims that it will ditch “vital” reforms to combat company directors using fake names to run businesses and the moitoring of dark money. By Martin Williams, OpenDemocracy The proposed Economic Crime Bill would have introduced identity checks to stop company directors from using Continue Reading
Rogue Employers Named and Shamed
Almost 140 companies, including some of the UK’s biggest household names, are being named and shamed today for failing to pay their workers the minimum wage. Investigated between 2016 and 2018, the 139 named companies failed to pay £6.7 million to over 95,000 workers in total, in a flagrant breach Continue Reading
HMRC Warns of Phishing Scam
HM Revenue & Customs (HMRC) is alerting taxpayers to a surge of fake ‘phishing’ emails sent out by fraudsters in the run-up to the tax credits renewal deadline. The email informs the recipient they are due a tax rebate, and provides a click-through link to a cloned replica of the Continue Reading
Courts Jail Brothers in HMRC VAT Fraud Case
Two brothers, who stole more than £1.6m through tax fraud and by stealing from their employees to finance their luxury lifestyles, have been jailed at Croydon Crown Court today for six years, following a complex investigation by HM Revenue & Customs (HMRC). Haris and Adam Mukhtar, from Ilford, made £1.3m Continue Reading
