Total of £11.5bn in missing tax from foreign companies is suspected for 2022-23, according to UHY Hacker Young US multinationals underpaid £5.6bn in tax in the UK last year, HM Revenue & Customs believes, according to a national accountancy firm. The suspected deficit is 14% higher than the figure from the previous year, and would mean US companies now make up nearly half of underpaid tax into British coffers from foreign companies.
US multinationals underpaid £5.6bn in tax in UK last year, HMRC believes
The Guardian - 11 Dec 2023 02:01
Total of £11.5bn in missing tax from foreign companies is suspected for 2022-23, according to UHY Hacker Young US multinationals underpaid £5.6bn in tax in the UK last year, HM Revenue & Customs believes, according to a national accountancy firm. The suspected deficit is 14% higher than the figure from the previous year, and would mean US companies now make up nearly half of underpaid tax into British coffers from foreign companies.
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