HMRC investigations into VAT avoidance by the UK’s largest businesses have resulted in record extra tax income over the past year, according to law firm Pinsent Masons.
UHY Hacker Young
What passes for news in the financial sector is not always what it seems.
Small and medium sized businesses are an “easy target” for HMRC’s cash drive, according to UHY Hacker Young.
One in five large UK businesses would consider relocating abroad because of the tax system in this country, according to a study commissioned by HMRC.
Taxpayers in Durham experienced the fastest increase in income tax levels of all top 100 UK towns and cities last year.