Home Business News HMRC enquiries re-start as Government looks to replenishing its coffers

HMRC enquiries re-start as Government looks to replenishing its coffers

by LLB Editor
29th May 20 12:20 pm

HMRC is restarting its enquiries into taxpayers’ affairs as a matter of urgency say leading tax and advisory firm Blick Rothenberg.

Fiona Fernie a tax dispute resolution partner at the firm said, “The recent pause in HMRC’s routine enquiry work is over and they are starting to contact both taxpayers and their agents again. A representative of HMRC to whom we spoke on Wednesday confirmed that the temporary pause in enquiries was being lifted this week.”

“This means that tax inspectors will be looking at both personal and business tax affairs with renewed vigour; they will be looking to see whether those who were not supposed to be working during furlough were and investigating things like internet trading while the lockdown has been in place.”

She added, “HMRC provided taxpayers with a brief respite from investigations given the potential problems with accessing information caused by the lockdown, but that now appears to be over.

“The assistance Government has provided to businesses and individual taxpayers in recent months have been costly and they will want to ensure that borrowing requirements are not exacerbated by taxpayers who are not paying the correct amount of tax.

“There is no doubt that HMRC will be under pressure from Government to look at anyone who they think is defrauding the system as a matter of urgency.”

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