Just how progressive is the UK tax system?
For years the Office of National Statistics (ONS) annual report on the effects of taxes and benefits on UK household income has generally concluded that the UK tax system has no effect on income inequality. But is that really the case?
New approach to crack down on VAT fraud
Philip Munn and Rowena Clifton
Earlier this month the European Commission announced the latest measure it is taking to tackle one of the EU’s largest systemic tax fraud issues; VAT carousel or missing trader fraud. Europol has estimated that criminal fraud of this type costs taxpayers EUR 60 billion a year. What does this mean for UK businesses and how will Brexit affect the government’s ability to prevent tax fraud?