Small business tax probes too intensive

The taxman has come under fire after it was revealed that more than half of small and medium sized enterprises (SMEs) think that HMRC’s tax investigations are too intensive.

Commissioned by the exchequer, the research showed that 52% of small businesses find HMRC tax investigations too intensive and 56% said they don’t think HMRC tries to minimise disruptions caused by the cost, time and effort of inquiries.

6 tips for avoiding an HMRC investigation

HMRC investigations are scary affairs. Sure, some might say, if you have nothing to hide then you shouldn’t be worried. But there is always the chance that you made an innocent, but costly mistake in the last six years of filing your taxes.
And besides, tax investigations can be time-consuming and expensive, especially if you employ an accountant to straighten out all of your affairs.