HMRC crackdowns hit SMEs the hardest

Compliance investigations undertaken by HMRC into the SME sector netted £565m in penalties and fines for the 2012/13 tax year. This haul represents an increase of 13% on the prevous year as HMRC continues its onslaught on the corporate sector, desperate to hit government-imposed tax recovery targets. The SME sector is being seen as ‘easy pickings’ in respect of tax investigations … Read More