A lack of resources to monitor compliance means that a record 341 tax reliefs cost taxpayers £204bn in 2023 with just 25 evaluated for cost effectiveness in the last eight years
In this week’s Q&A, Vivienne Cheung, tax adviser at Croner-I, examines whether a non-resident company can use small profits rates and marginal relief for corporation tax purposes
The government is proposing changes to transfer pricing legislation to make the rules simpler and the diverted profits tax will become part of the corporation tax annual return
More than 20 takeaways and restaurants in Edinburgh, London, St Helens and Stoke have been raided as part of a crackdown on tax evasion using electronic till fraud