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Published on 2 April, 2024
In this Accountancy Today article, James Cordiner from Markel Tax discusses the financial challenges facing the UK and the potential implications for HMRC's efforts around tax fraud.
James points to the increase in tax investigations following the Covid-19 pandemic and emphasises the importance of minimising the impact of such inquiries. He provides practical advice for accountants to help clients reduce the risk of HMRC tax investigations, including record keeping, fee protection insurance, regular communication, and avoiding obvious HMRC ‘triggers’.
His insights are useful guidance in a period of increased scrutiny by HMRC in the face of pressing needs for the government to claw back additional revenues.
You can read the full article here.
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