With HMRC working hard to collect more revenue than ever before, investigations are happening more and more frequently. They have now collected so many facts and figures about taxpayers’ financial activity, that they currently hold more information than the British Library! With this knowledge, they can really target who to investigate.
Who are most at risk?
Large Business - Cross Enquiry
High Net Worth Individuals
Private Individuals
What we know
In 2022-2023, HMRC generated total tax revenue of £814bn – a figure that rises steadily each year and will continue to rise after HMRC recruited 4,000 new compliance activities in Sept 2023.