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HMRC collects £4.4bn from SMEs through investigation of underpaid VAT

The taxman collected an extra £4.4bn from small and mid-sized businesses through investigations into the underpayment of VAT last year, up 18 per cent from £3.8bn collected in 2017-18. 

  • Shared by City AM
  • September 13, 2019
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Over £1.7bn was collected from VAT investigations into small businesses alone last year, according to tax investigation insurance firm PFP.

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