Tax investigations yield hits £13bn
HMRC imposed £413,437 in fines in 2018/19, compared to just £45,600 in 2015/16.
Tax investigations yield hits £13bn
Shared by Accountancy Daily
Last Updated: 20 August 2019
Published: 20 August 2019
The tax investigations' yield was partly driven by payments HMRC has received ahead of the loan charge being introduced in April 2019, and the results of HMRC’s offshore tax campaign last year, while new technology has meant HMRC has also become more successful at identifying cases for investigation that are likely to result in large amounts of extra tax being collected, according to research by UHY Hacker Young.
Read more at Accountancy Daily .
latest poll
Which of the following new technologies do you think will have a significant impact on the future role of accountants?
• Artificial intelligence automating accounting tasks
• Increased use of cloud-based accountancy tools by clients
• Cryptocurrencies such as Bitcoin and the need to understand Blockchain technology
• Web conferencing/team collaboration software
recent comments
array(3) {
[0]=>
object(stdClass)#10836 (31) {
["id"]=>
string(5) "22556"
["contentid"]=>
string(5) "36863"
["component"]=>
string(11) "com_content"
["ip"]=>
string(14) "162.158.158.57"
["userid"]=>
string(1) "0"
["modified_by"]=>
string(1) "0"
["date"]=>
string(22) "Saturday, 24 July 2021"
["modified"]=>
string(19) "0000-00-00 00:00:00"
["name"]=>
string(13) "PK. FFA FIPA"
["email"]=>
string(0) ""
["website"]=>
string(0) ""
["notify"]=>
string(1) "0"
["title"]=>
string(0) ""
["comment"]=>
string(40) "Our CEO is absolutely correct in his..."
["published"]=>
string(1) "1"
["deleted"]=>
string(1) "0"
["spam"]=>
string(1) "0"
["voting_yes"]=>
string(1) "0"
["voting_no"]=>
string(1) "0"
["parentid"]=>
string(2) "-1"
["importtable"]=>
string(0) ""
["importid"]=>
string(1) "0"
["importparentid"]=>
string(2) "-1"
["unsubscribe_hash"]=>
string(32) "9815907e32a737065cc367203916afc5"
["moderate_hash"]=>
string(32) "966f324acb03b84a75ca45f36c79072d"
["customfields"]=>
string(0) ""
["user_realname"]=>
NULL
["user_username"]=>
NULL
["user"]=>
string(13) "PK. FFA FIPA"
["link"]=>
string(57) "/component/comment/?task=comment.gotocomment&id=22556"
["overlayComment"]=>
string(109) "Our CEO is absolutely correct in his article ,lawyers,Doctors,etc are protected why not qualified accountants"
}
[1]=>
object(stdClass)#10835 (31) {
["id"]=>
string(5) "22555"
["contentid"]=>
string(5) "38648"
["component"]=>
string(11) "com_content"
["ip"]=>
string(13) "141.101.98.30"
["userid"]=>
string(1) "0"
["modified_by"]=>
string(1) "0"
["date"]=>
string(22) "Saturday, 24 July 2021"
["modified"]=>
string(19) "0000-00-00 00:00:00"
["name"]=>
string(9) "Anonymous"
["email"]=>
string(0) ""
["website"]=>
string(0) ""
["notify"]=>
string(1) "0"
["title"]=>
string(0) ""
["comment"]=>
string(41) "My comments are on the basis that this..."
["published"]=>
string(1) "1"
["deleted"]=>
string(1) "0"
["spam"]=>
string(1) "0"
["voting_yes"]=>
string(1) "0"
["voting_no"]=>
string(1) "0"
["parentid"]=>
string(2) "-1"
["importtable"]=>
string(0) ""
["importid"]=>
string(1) "0"
["importparentid"]=>
string(2) "-1"
["unsubscribe_hash"]=>
string(32) "0ef6e121007104d21f54bd6ebbf943f7"
["moderate_hash"]=>
string(32) "14ea9342c0bff6f7d2a5a147f8b8b66f"
["customfields"]=>
string(0) ""
["user_realname"]=>
NULL
["user_username"]=>
NULL
["user"]=>
string(9) "Anonymous"
["link"]=>
string(57) "/component/comment/?task=comment.gotocomment&id=22555"
["overlayComment"]=>
string(100) "My comments are on the basis that this money in a jam-jar approach solves nothing in the national..."
}
[2]=>
object(stdClass)#10838 (31) {
["id"]=>
string(5) "22554"
["contentid"]=>
string(5) "38630"
["component"]=>
string(11) "com_content"
["ip"]=>
string(13) "141.101.69.85"
["userid"]=>
string(1) "0"
["modified_by"]=>
string(1) "0"
["date"]=>
string(23) "Wednesday, 21 July 2021"
["modified"]=>
string(19) "0000-00-00 00:00:00"
["name"]=>
string(4) "SidJ"
["email"]=>
string(0) ""
["website"]=>
string(0) ""
["notify"]=>
string(1) "0"
["title"]=>
string(0) ""
["comment"]=>
string(35) "Good article on MTDfITSA and how..."
["published"]=>
string(1) "1"
["deleted"]=>
string(1) "0"
["spam"]=>
string(1) "0"
["voting_yes"]=>
string(1) "0"
["voting_no"]=>
string(1) "0"
["parentid"]=>
string(2) "-1"
["importtable"]=>
string(0) ""
["importid"]=>
string(1) "0"
["importparentid"]=>
string(2) "-1"
["unsubscribe_hash"]=>
string(32) "f47eb68e6c6c3fd6ec128fd955ae76a4"
["moderate_hash"]=>
string(32) "c45da0072d23f6bc97d7f17d2920872d"
["customfields"]=>
string(0) ""
["user_realname"]=>
NULL
["user_username"]=>
NULL
["user"]=>
string(4) "SidJ"
["link"]=>
string(57) "/component/comment/?task=comment.gotocomment&id=22554"
["overlayComment"]=>
string(63) "Good article on MTDfITSA and how practices shall need to adapt."
}
}
