HMRC’s New Plan to Close the Tax Gap? Increased Penalties for Small Business Owners
From April 2025, the UK government’s new strategy for increasing tax revenue becomes painfully clear: target small businesses and individuals with harsher penalties. Hidden within the Chancellor’s 2025 Spring Statement is a significant and controversial update to HMRC’s penalty regime. Framed as a plan to “close the tax gap,” it actually hits those least able […]
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HMRC Ramping Up Investigations What Small Business Owners Need to Know
With HMRC increasing their staffing levels from 59,000 to 64,000, and the bulk of those new hires being allocated to tax investigations, it’s clear the pressure on small business owners is only going to intensify. “Closing the Tax Gap” — At What Cost? Chancellor Rachel Reeves has spoken about “closing the tax gap” – the […]
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Hounded by HMRC: How We Helped One Client Avoid a Costly Tax Nightmare
When Sarah’s Labrador, Daisy, had her first litter, she never imagined it would lead to trouble with HMRC. What started as a one-off event quickly turned into a small side venture—friends, family, and word-of-mouth led to more litters, and before she knew it, Sarah had sold multiple puppies over a couple of years. To her, […]
Read more »Hounded by HMRC: How We Helped One Client Resolve a Costly Mistake
When Sarah’s Labrador, Daisy, had her first litter, she never imagined it would land her in trouble with HMRC. What started as a one-time thing quickly became a small side venture—friends, family, and word-of-mouth recommendations led to more litters, and before she knew it, Sarah had sold multiple puppies over a couple of years. It […]
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