HMRC are chasing an estimated £33bn tax gap between what it should collect and what it does collect. Over half of this is attributed to Small Businesses (£14bn) and Individuals (£3bn). Tax and VAT Investigations are a key tool in reducing this deficit.
HMRC use sophisticated software to cross match a wide range of data sources, any anomalies can lead to an investigation. They do, of course, continue to carry out random investigations. Make sure that your business is protected with our Tax Investigation Service.