{"id":1396,"date":"2016-07-08T11:33:03","date_gmt":"2016-07-08T11:33:03","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=1396"},"modified":"2016-07-08T11:33:03","modified_gmt":"2016-07-08T11:33:03","slug":"tax-investigations-into-smes-net-hmrc-540m-in-five-years","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/tax-investigations-into-smes-net-hmrc-540m-in-five-years\/","title":{"rendered":"Tax investigations into SMEs net HMRC \u00a3540m in five years"},"content":{"rendered":"<p>Over the past five years, HM Revenue &amp; Customs (HMRC) has reeled in a staggering \u00a3540million from its investigations into Small and Medium Enterprises (SMEs), according to a new report.<!--more--><\/p>\n<p>A map published in <em>The Telegraph<\/em>, which pinpointed the areas of Britain, Wales, Scotland and Northern Ireland where HMRC investigators had taken action, revealed that firms in almost all major UK cities had been hit by unexpected investigations.<\/p>\n<p>Last year alone, HMRC taskforces honed in on 50 different industries across the country, and reclaimed \u00a3248m in evaded tax from small businesses, <em>The Telegraph<\/em> reported.<\/p>\n<p>HMRC said that its \u201cstate-of-the-art\u201d computing and analytics software is increasingly making it \u2018impossible\u2019 for firms to \u2018cheat the system\u2019.<\/p>\n<p>A taskforce unit spokesperson said: \u201cTaskforce activity has a deterrent effect, discouraging those tempted to break the rules.<\/p>\n<p>\u201cOur taskforces cover a range of regions and businesses, but yield figures should not be considered the only measure of success\u201d.<\/p>\n<p>HMRC cited shops, partnerships, tobacco sellers, income tax repayments and more as recent \u2018taskforce targets\u2019.<\/p>\n<p>Jennie Granger, HMRC\u2019s director of enforcement, said: \u201cOur expert analysts are at the cutting edge of developing and exploiting intelligence and smart data to tackle those who try to cheat the system\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past five years, HM Revenue &amp; Customs (HMRC) has reeled in a staggering \u00a3540million from its investigations into Small and Medium Enterprises (SMEs), according to a new report.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1396"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1396"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1396\/revisions"}],"predecessor-version":[{"id":1397,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1396\/revisions\/1397"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}