HMRC target big business

Posted on 11 Dec 2013
Share Blog Post
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."

View more blog posts

Two tier tax system introduced
Posted on 07 May 2025
Two tier tax system introduced
read more
Lending gap stifles UK SME's
Posted on 30 Apr 2025
Lending gap stifles UK SME's
read more
Costly tax compliance
Posted on 23 Apr 2025
Costly tax compliance
read more
SME owners flee UK in droves
Posted on 16 Apr 2025
SME owners flee UK in droves
read more
Back To Top
01604 660661