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News - 10 July 2014

Record Compliance Yield for HMRC

 HMRC have announced their 2013/14 figures, the additional tax yield relating to compliance activity is stated as £23.9bn which is the highest ever to date. In fact this represents 5% of the total tax yield.

 
Stuart Coleman, Manager of the Tax Department of ABDS comments:
“These figures have not come as a great surprise to us. We at ABDS are well aware of the HMRC focus on additional yield from compliance activity. Our information shows that 18% of the activity related to traditional CT enquiries, 38% from traditional IT enquiries with the balance covering a range of other compliance activities. We urge all of our clients to take up the ABDS Tax Fee Protection Service.”
 
If you need any help and advice on HMRC campaigns and the benefits of belonging to the ABDS Fee Protection Scheme, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar NOW to discuss how ABDS can help
 
ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900 E-mail: abds@netaccountants.net
 
Brilliant with numbers  
Great with people  
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals
 
Helping Your Business is Our Business

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