News
HMRC recruits additional 100 tax inspectors
While they will be working on personal wealth, small firms should ensure their tax affairs are up to date.
Indeed, the Affluent Compliance Team will be strengthened in the coming months to help look into the tax affairs of people earning more than £150,000 and with a wealth between £2.5 million and £20 million.
And the news could also prompt small businesses to ensure their tax affairs are accurate and up to date as the department looks to recoup all tax receipts in the coming months.
Exchequer Secretary David Gauke said: "The vast majority of people pay their way. Dodging tax is immoral, illegal and unaffordable and the minority who cheat are increasingly finding that, thanks to the work of the Affluent Team, they have made a big mistake."
It comes as the deadline for 2011-2012 self assessment tax returns fast approaches, with only two weeks to go until details must be submitted through HMRC's website.
Posted by Thomas Fletcher
Date published 18 Jan 2013 | Last updated 18 Jan 2013
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