21-08-2018, 08:44
(20-08-2018, 18:40)EmmaEH Wrote: I think I know what you are getting at Helga but you need to pay your taxes, if not then you will experience what 3CA's client did sooner or later.
HMRC may seem to "miss" most tax evasion but I'm not certain that's the case. I think they are aware of a huge number of cases but lack the resources (staff and money) to investigate them all.
With the increased digitalisation of HMRC more staff are being released to work on investigation work and the government has pledged to make funds available.
HMRC has become more and more focused on imposing penalties as well as collecting the tax itself. Investigations invariably produce large penalties.
The future is, without a doubt, investigations.
A chartered accountant specialising in the adult entertainment industry. Professional and discreet.