US EditionWho is at risk of a tax investigation?
Summary by Lambert Chapman
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Who is at risk of a tax investigation?
Anyone can face a tax investigation. Whether you are a freelancer, a business owner, landlord or a professional filing a self-assessment tax return. HMRC conducts thousands of investigations each year and even with accurate records and no wrongdoing, you could still be subject to a detailed review. HMRC narrows the tax gap In the financial year 2023/24, HMRC generated total tax revenue of £843.4 billion, an increase of £29.4 billion (or 3.6%) fr…
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