The UK lost an estimated £55 billion-£81 billion of taxpayers’ money to fraud and error in 2023-2024, according to the government financial watchdog the National Audit Office (NAO).
The money that has been detected as lost amounted Read more
Tax risk is rising in the wake of last year’s agreement by G20 countries and the OECD to adopt a minimum corporate tax rate of 15 per cent for global businesses.
The agreement is known as Pillar 2 of Read more
The governments of the UK and Hungary launched windfall taxes to tackle the rises in living costs because of soaring energy prices.
In the UK, chancellor Rishi Sunak announced a 25 per cent energy profit levy, which increased taxes Read more
International corporations face potentially higher tax rates as the OECD agreed a new minimum 15 per cent rate from 2023.
The OECD aims to ensure that large businesses pay tax where they operate and generate profits. Today, many Read more
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