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Variety of companies fined for deliberate company tax misinformation hits four-year excessive

The variety of companies fined by HMRC for intentionally obscuring their company tax affairs has climbed to its highest degree in 4 years.

The tax man final 12 months penalised 62 companies for purposefully sending incorrect info to probably slash the quantity of company tax they pay, up 35 per cent from 46 within the earlier 12 months, in keeping with a freedom of data request response from HMRC.

Regardless of the uptick in fantastic volumes, HMRC is watering down the sum of money it asks companies to cough up for obfuscating their tax affairs.