News

Latest news from London's business community and announcements from the London Growth Hub

Taxes will hike ‘a bit’ to fund NHS, confirms PM

Theresa May has today confirmed that taxpayers will have to pay “a bit more” to help fund a £20bn boost to the NHS, but also assured that this would be done in a “fair and balanced” way

£33bn tax gap shows avoidance activity in decline

Latest HMRC figures show an estimated £33bn tax gap in the UK tax gap in 2016-17, amounting to 5.7% of total theoretical tax liabilities and the same level the previous year, with small businesses responsible for 41% of the tax not collected

HMRC’s tax gap rises to £33bn

The UK’s tax gap slightly increased to £33bn in 2016/17, with small businesses contributing more than half to the amount of tax due

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