HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...READ MORE
Tax revenues in advanced economies reached a plateau during 2018, ending the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis, according to the OECD’s latest research.
The OECD average tax-to-GDP ratio was 34.3% in 2018, virtually unchanged since the 34.2% in 2017. The UK average increased by 0.2 percentage points from 33.3% in 2017 to 33.5% in 2018, placing the UK 20th out of 36 OECD countries.
Read more at the Accountancy Daily.