HM Revenue and Customs (HMRC) collected some £124m over the last financial year from investigations into small and medium-sized enterprises (SMEs) and 'wealthy individuals' suspected of avoiding capital gains tax (CGT), according to Collyer Bristow.
The latest figure calculated by the law firm is slightly down on the total gathered by the government through investigations during the 2015/16 financial year, which saw HMRC pick up an extra £140m through...
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months