And with the 2011/12 “tax gap” (the difference between the amount of tax that the government say should be collected and the amount actually collected) running to £35bn, there is little wonder that HMRC is taking an aggressive approach to blatant instances of tax avoidance and evasion.
But it isn’t all bad news. With careful management you can greatly reduce your chances of running into problems with HMRC. So, what are the keys to success?
John Norman Tax Consultancy Limited specialise in helping individuals and businesses minimise their tax risks, deal with difficult HMRC enquiries/investigations, and payment problems.
Should you find yourself in a position where your business has HMRC tax arrears and your business trades within a business to business setting, you may be able to release funds from invoices you have outstanding with your customers. Selective Invoice Finance is ideally suited to businesses who need to access cash quickly without any long term commitment. Releasing funds from your outstanding invoices may help you settle HMRC matters more quickly. Finding the correct financial solution to work alongside your tax planning is a key to success.
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