HMRC’s backlog on tax investigations
Recent press coverage states that HMRC’s large-business service, which deals with the tax affairs of the UK’s 770 largest companies, had 2,314 unresolved enquiries into the companies’ tax affairs on 31 March 2013, of which 737 were more than three years old.
The open enquiries – which include corporation tax, VAT and national insurance – are actually a reduction from 2012.
The number of enquiries over three years old is concerning. It seems to be taking too long for HMRC to resolve these. However, HMRC expects the number of unresolved investigations to go down as it gets better “identifying and resolving risks in real time” before tax returns are filed. It added that the older tax investigations are amongst the most complex.
Date: 13th January, 2014
Articles from this Author
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole