HMRC investigations: What you need to know
Posted by Ronnie Ludwig in Tax on Wed, 03/02/2010 - 09:42
- Last year HMRC stepped up its campaign against tax evaders
- Tax investigations are now becoming more prevalent
- There are steps taxpayers can take to help limit the problems associated with investigations
- Keeping good records and co-operating with HMRC early on can help
Ronnie Ludwig offers some timely advice for those facing HMRC enquiries.
Since the introduction of self assessment in 1996, HMRC has been retraining its staff to develop investigatory skills rather than deal mainly with compliance and the preparation of assessments, as was previously the case. This new focus of the Revenue and certain developments over the last year suggest that the number of tax investigations, which may target businesses or individuals, is likely to continue rising over the coming months.
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