UK HMRC estimates US firms underpaid £8.8bn in taxes last year
Monday, 14 July 2025 ()
The UK’s HM Revenue and Customs (HMRC) has reported that US companies may have underpaid taxes amounting to £8.8bn ($11.8bn) in the previous financial year, according to UHY Hacker Young, a national accountancy firm. This figure marks a 57% increase from the estimated £5.6bn underpayment recorded…
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