HMRC - SME's cost 5.5b in tax evasion 2022/23

[wellington]

https://taxpolicy.org.uk/2024/06/22/hmrcs-failure-to-close-the-small-business-tax-gap-costs-15bn-year/

 

[polonieth]

All ready for further clampdowns from Chairman Starmer.

 

[wellington]

I was reading something recently - IrS has 5/6 yrs

The UK - 20 years

So I imagine lots of audits ahead for resident Brit’s

 

[HeinzKetchup69]

View attachment 7712

https://taxpolicy.org.uk/2024/06/22/hmrcs-failure-to-close-the-small-business-tax-gap-costs-15bn-year/

Tax Evasion? Don't make me laugh HMRC. People pay 30% in corporate tax and 40% in income Tax + VAT and they call us thieves, when the Government is the real and only thief here.