HMRC open over 1,000 new tax investigations every day

HMRC has launched 137,000 tax investigations in the six months to December 2021, according to tax investigation insurance firm PfP. This is up 9% from the 126,000 investigations in the same period last year. “This jump in tax investigations comes as the Government seeks to fill the black hole left in the public finances by the pandemic,” said Kevin Igoe, Managing Director at PfP. “Opening over 1.000 new tax investigations per day shows that HMRC has really picked up the pace.” He added, :”The Revenue clearly sees increased compliance activity as one way to balance the book.”

City AM