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Add to favouritesTax collected from investigations doubles
An interesting article in the FT today reveals that tax investigations into big businesses’ tax affairs are yielding almost twice as much as five years ago.
The yield was £4.06bn in 2010-11, compared with £2.2bn raised by the services’ compliance activity in 2005-06.
Jason Collins, of McGrigor, a law firm, said the average yield per company investigated had doubled over the past four years in a sign that the Revenue was squeezing more revenue from investigations.
Another reason to make sure that your accountant offers you tax investigations insurance and you take that offer up.
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