New Frontiers in Tax Compliance: How HMRC is Uncovering Hidden Income

New Frontiers in Tax Compliance: How HMRC is Uncovering Hidden Income

HMRC’s Expanding Investigative Powers Her Majesty’s Revenue & Customs (HMRC) has significantly strengthened its ability to detect unreported or “invisible” income. While it has always had the right to enquire into any tax return without giving a reason, the scope and sophistication of its tools have grown. Whether income is deliberately concealed or unintentionally missed, […]