Credit to: corruption news
The UK’s HM Revenue & Customs (HMRC) is increasingly unwilling to believe that any error in a tax return can be the result of an ‘innocent error’, said Fiona Fernie, a tax investigations expert at Pinsent Masons, the law firm behind Out-law.com.
New powers introduced in recent years to allow HMRC easier access to information from both taxpayers and third parties, together with increased powers to search premises and tighter penalty regulations, all mean that businesses are under more scrutiny than ever from HMRC, she said.
Is any one affected by this?
My business is very very affected by this.