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HMRC goes after soft targets

13 April 2016

HMRC has been accused of strengthening its investigations into small businesses as they are viewed as ‘soft target’.

UHY Hacker Young says that HMRC raised an additional £489m in corporation tax through investigations into SMEs last year.

UHY’s Roy Maugham said: “HMRC appears to be aggressively going after small businesses as ‘easy pickings’ and it’s possible they will look to accelerate investigations next year and beyond to further close the tax gap, rather than going after big enterprise.”

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