Record take from VAT investigations

Posted on 18 Nov 2022
Share Blog Post
HMRC VAT investigations net a record £3.9bn from SMEs report Harris & Co accountants Northampton, the specialist small business accountants

 
HMRC brought in a record £3.9bn in extra VAT from compliance investigations into small businesses in the last year, up 10% on the previous year, according to recent analysis and many SMEs now feel they are in the firing line over tax avoidance.

The analysis calculates the amount of extra VAT taken from investigations into SMEs by HMRC’s local offices has almost doubled in three years, rising from £2.2bn in the 2010/11 tax year.#accountantsnorthampton
 


 

View more blog posts

HMRC to close phone lines
Posted on 25 Mar 2024
HMRC to close phone lines
read more
More people in higher rate tax
Posted on 18 Mar 2024
More people in higher rate tax
read more
Tax cuts illusory
Posted on 13 Mar 2024
Tax cuts illusory
read more
MTD extended
Posted on 01 Mar 2024
MTD extended
read more
Back To Top
01604 660661