One in ten small businesses is under investigation by the taxman - equivalent to more than half a million at any one time.
HMRC told the Treasury select committee it is going after small businesses in an attempt to get back the £34 billion tax it failed to collect in 2015- 2016. It said small businesses are responsible for 46 per cent of this tax gap.
However, MPs accused HMRC of making it harder for businesses to file correct returns by shutting down local tax offices.
Stewart Hosie said:
“Wouldn't it be so much easier if they [small businesses] could go to the local tax office with their accounts and have them check before submitting.”Yet HMRC have told us all that MTD will make things easier!!
HMRC loves low hanging fruit.
Tax does have to be taxing.
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