HMRC investigations into individuals and small businesses last year yielded no returns in 47 percent of all cases in 2020/21, according to research by accountancy firm UHY Hacker Young.
The proportion of investigations which returned no money to the Treasury has risen by over a third, up from 31 percent the year before.
Graham Boar, partner at UHY Hacker Young, claimed that these HMRC investigations which result in no additional tax can cause taxpayers unnecessary distress.&nb...
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