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amount of tax.However, in recent times, its the key objective has changed to maximise the
amount of revenue it can collect from taxpayers. Indeed, over the next
12 months, HMRC is aiming to collect and additional £27 billion in revenue
for Treasury.This will be achieved by increasing the number of compliance checks, enquiries
and investigations it conducts. Some are opened entirely at random whereas
others are selected from specific business sectors or geographical areas.
Worryingly, more and more are chosen based on the data HMRC holds on you.
Whilst HMRC is committed to reducing the tax gap, it will continue to increase enquiry activity so the risk of being selected for an enquiry is ever present.
Even if HMRC finds nothing wrong and there is no additional tax to pay, the costs of a tax investigation can seriously impact on your financial security, your ability to focus on running your business and of course there is the inevitable stress which they bring. Only an expert and professional defence will ensure that your tax affairs are treated correctly.