Taxpayers could be hit hard as HMRC set to increase fees

Taxpayers could be hit hard as HMRC set to increase fees

Last year alone, 1.1 million people missed HMRC's self-assessment deadline

What is an HMRC investigation and why would I be targeted? | Randall & Payne

£35.8 billion is the estimated tax gap between what HMRC should collect and what it does collect. To ensure tax compliance and to close this gap, HMRC undertakes tax and VAT investigations. Why would I be investigated? There is no definitive answer as to why, but there are a lot of possibilities: filing a late return, errors that require correction, dealing with cash, HMRC receives a tip off, or working in a targeted business sector to name a fe…