HMRC investigations into big firms generate significantly higher returns than investigations into small and mid-sized businesses, according to figures from Pinsent Masons, which said the investigative unit’s high returns will see the taxman focus on large corporate tax dodgers going forwards.

The UK tax collector’s investigations into big firms generated £69 in extra tax revenues for every £1 spent on the investigation, the figures show.

Investigations carried out by HMRC’s Large Business Directorate – which focuses on the largest businesses with annual turnovers of more than £200m – brought an additional £8.6bn into HMRC’s coffers – a sum equivalent to 28 per cent of all the money HMRC raised through investigations last year.

Source: City AM

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