Are you on the map? HMRC’s map.
Lewis Smith & Co. frequently highlights HMRC’s drive to uncover tax evasion and the knock-on impact of investigations on, completely innocent, small businesses.
Now HMRC has created a site (http://hmrcdigitalpilots.com/) that shows the locations and the business sectors targeted by its investigation taskforces.
These investigators reclaimed as much as £248m in evaded tax in the 2015-2016 tax year, helped by the introduction of sophisticated new IT systems.
If you want to know how likely it is that you or your business might come under scrutiny, then the top ten investigation targets are as follows;
- Hidden wealth
- Adult entertainment
- Tobacco sellers
- Property sector
- Income tax repayments
- Taxi drivers
- Waste industry
If you are concerned about getting a call from the taxman or you have already received one, remember Lewis Smith & Co. can help. We can act as your representative in all dealings with the HMRC, and use our knowledge and experience to respond to queries concerning accounts and tax returns.
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