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fishing trips
There is no reason to suppose that poor record keeping (another phrase invented by HMRC) actually loses HMRC revenue. There is a 50/50 chance that tax can be overpaid. In fact any amounts paid in to a bank that cannot be identified are automatically treated as sales.
So just another go at SME's with a legalised fishing trip.
£600M over 4 years your avin a giraff.
Dodgy Figures
If the government are going to investigate 50,000 small to medium size businesses per annum for four years, and given that the maximum penalty they can impose is £3,000. Then for them to bring in £600 million they would have to fine everyone the maximum £3,000. (50,000*4*3,000=600,000,000) Interesting!!!!