Posts tagged "Small Business"
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Jul 1, 2026 Analysis

How Andy Burnham could raise £15bn – without a tax rise.

It’s the UK’s biggest and least discussed tax problem. There’s between £30bn and £48bn missing from each year’s small business tax bills. It’s been getting worse – and nobody knows why. There’s no other issue where so much money is at stake but so little time is spent discussing it. It’s almost never mentioned by […]
Corporation tax gap as % of total theoretical tax due from each business type —small businesses —Mid-sized businesses
Jun 19, 2025 Analysis

The small business tax crisis: 40% of tax due isn’t paid

The “tax gap” is the difference between the tax HMRC should collect and the tax it actually collects. Over the last nineteen years, most of the tax gap has fallen by two-thirds – a remarkable achievement. But a deep dive into HMRC’s latest tax gap statistics shows that HMRC has lost control of small business […]
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Jun 22, 2024 Analysis

HMRC’s failure to close the small business tax gap costs £15bn/year

Over the last seventeen years most of the tax gap fell by two-thirds – a remarkable achievement. But a deep dive into HMRC’s new tax gap statistics shows HMRC has lost control of small business tax. About a third of corporation tax due from the sector is not being paid. The small business tax gap […]

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