Emma Neal Head of Tax assesses HMRC’s latest weapon and the risk to your clients.
HMRC is currently focusing on increasing tax collection through carrying out a greater number of compliance checks. No one is immune from an investigation – individuals and businesses can be chosen at random with HMRC having no suspicion that anything is wrong.
Its powerful computer program called ‘Connect’ is accessing and trawling databases of personal financial information on an unprecedented scale in its hunt for underpaid tax.
So what does the taxman know about your clients, their finances and their lifestyle?
CCH has the expertise to support your practice and its clients whatever tactics HMRC employs.