Tax investigations raise 28% more than 2023.
Extra HMRC funding recovered £45.7bn in 2024
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Business Tax
Treasury losing revenue from spirit excise
Industry calls for tax reform to boost growth.
NI hike to raise employer costs by 60%
Businesses face tax and wage hikes from next tax year.
Employers to pay 60% more in NICs
Higher NICs and increased minimum wage add to rising costs.
HMRC launches R&D tax disclosure scheme
HMRC opens new scheme for excess R&D claims.
UK businesses using tax havens halves
Fewer companies avoid UK tax through offshore schemes.
R&D tax relief falls for SMEs
Fraud clampdown and reduced claims impact SME relief uptake.
HMRC introduces online tool for overlap relief calculation
New resource supports accurate tax reporting.
Public finances show heavy reliance on tax rises
Autumn Budget targeted fiscal stability amid rising deficits.