HMRC target big business

Finance and tech firms targeted to net £9.8bn in unpaid taxHMRC collected £9.8bn in extra revenue through tax probes into the UK's largest businesses last year, up 12% from £8.7bn from the previous period. Analysis published by Pinsent Masons showed that the largest proportion of this was £6bn from tax investigations into VAT and £2.6bn in underpaid corporation tax. Major tech and finance businesses were the chief target of HMRC. Stuart Walsh of Pinsents, said: "Bigger UK and foreign businesses are going to find themselves under continued scrutiny from HMRC over the next year. The new government's spending pledges mean HMRC and the treasury will be under pressure to raise more money."