The big news in tax-land today is the Conservative Party's announcement that under a future Conservative government, 'family homes' would be taken out of Inheritance Tax (IHT). Individuals would then have an additional £500k each (or £1m for a couple) of other assets...
Comment
Thin foundations of HMRC’s 2026 tax gap publication: Closing the tax gap starts with better measurement
HMRC have published their 2026 Measuring Tax Gaps statistics. The total tax gap has ticked up somewhat, but a lot is going on under the surface. Drawing on the discussions at our recent residential conference and a review of the methodology underlying the tax gap,...
CenTax reaction to the Rycroft Review on foreign interference in UK politics
The Rycroft Review proposes welcome reforms, including caps on overseas donors, profit-based limits on corporate donations, and a ban on crypto donations. However, CenTax analysis identifies significant enforcement gaps. Dr Sebastian Gazmuri-Barker reflects on what the Review gets right, where gaps remain, and hpw the lack of a donor registration system makes several recommendations difficult to implement in practice.