Financial advisers are among the small and medium size businesses being "aggressively" targeted by HMRC for VAT payments, contributing to a 10% jump in VAT taken from SMEs in the last year, according to a national accountancy group.
UHY Hacker Young Group claimed HMRC has become increasingly aggressive in challenging the VAT arrangements of small businesses, including advisers, targeting them to "challenge long-accepted VAT arrangements"...
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