Conservative MPs have blamed a "Dickensian" tax system for low CT receipts, as HMRC figures show that Revenue income from CT enquiries into 'big business' has fallen to its lowest for six years.
The amount of additional CT that HMRC has collected through tax investigations into large businesses has fallen to its lowest level since 2006-7, according to figures obtained by law firm Pinsent Masons.
It said the fall was because of a lower rate of CT and less companies using...
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.