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.
Over £1.7bn was collected from VAT investigations into small businesses alone last year, according to tax investigation insurance firm PFP.
Read more at City AM.
