• John Massey

Small Business Tax Investigations raise £16 for every £1 spent

Updated: Jul 21, 2021

HMRC raises £16 for every £1 it spends on staff carrying out investigations into the tax affairs of individuals and small businesses.

Figures show HMRC collected £4.9bn in extra tax from investigations into individuals and small businesses in 2018-19, but only had to spend £309m on staff to achieve that.

This extra tax included £1.2bn from investigations into underpaid income tax.

Find out how you can protect yourself from the costs of a tax investigation: Protect yourself from the costs of a tax investigation (masseyaccountingcompany.com)

Source info: http://bit.ly/smallbusinessinvestigations

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