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£16m in fines issued by HMRC to mid-sized businesses for Corporation Tax
Summary by Rotherham Taylor Chartered Accountants
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£16m in fines issued by HMRC to mid-sized businesses for Corporation Tax
The Freedom of Information request to HMRC shows that it has issued more than £16 million in fines to mid-sized businesses for Corporation Tax failings. This is eight times the size of fines issued to this same size of business when compared to five years ago, with many of the fines the result of issues with R&D tax relief and transfer pricing. The request, submitted by law firm BCLP to HMRC’s wealthy and mid-sized business unit, shows that comp…
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