uk iconUK

 

 

 

Surge in HMRC asset seizure orders

HMRC has significantly ramped up its use of powers to seize monies suspected of being obtained unlawfully, in a sign the tax authority will be getting tough on fraudulent applications for coronavirus support schemes.

Surge in HMRC asset seizure orders
smsfadviser logo
Surge in HMRC asset seizure orders

Analysis by law firm RPC shows HMRC issued 166 account freezing orders (AFOs) in 2019/20, up 177% from 60 the previous year.

Read more at the Accountancy Daily

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox