In a previous report, it was said that HMRC was aiming to raise £5bn extra a year by 2019-20 by tackling tax avoidance, tax evasion, tax planning and compliance issues. The report highlighted concerns relating to a crack down on legitimate tax planning. HMRC has however now responded to this report by saying that it is “business as usual” and “there is no change to the normal, everyday use of tax reliefs as intended by parliament.”
Our tax specialists at Beavis Morgan can advise on all aspects of tax whether compliance or planning. Speak to us today about how we can help you and your business. For further information, please contact Alan Ford or your usual Beavis Morgan Partner.