HMRC success highlights the need to keep tax affairs in order

Date: 14/11/13

HMRC success highlights the need to keep tax affairs in order

Individuals who come under the self-assessment system are urged to ensure that their tax affairs are in order after new figures showed that HM Revenue and Customs (HMRC) clawed back an extra £609 million in 2012/13 as a result of investigations into personal tax returns.

This represents a significant increase of 38 per cent on the previous tax year’s figure, suggesting that HMRC’s toughened stance on tax compliance is delivering results.

Over the past year, HMRC has been focusing on specific sectors where it believes people may not be meeting their tax obligations.  This approach has included a number of campaigns designed to encourage people to come forward with any undisclosed tax liabilities in exchange for reduced penalties.

HMRC has been paying particular attention to self-assessment tax returns and a new tougher approach combined with the targeted campaigns appears to be bearing fruit in terms of the additional revenue being brought in.

However, these figures have also highlighted the importance of ensuring that your tax affairs are in order.  Even a simple error can affect your tax return profile and prompt HMRC to launch an investigation into your tax affairs.   

If a correction is needed, it is better to approach HMRC before they approach you, so if you are in any doubt then a professional tax adviser should be able to help you present a best case and deal with the administration process.

For further information, please contact Susie Campion at the office.


Susie Campion FCCA

Author: Susie Campion FCCA

Educated at Lancaster Girls' Grammar School, Susie joined Scott & Wilkinson in 1995 and qualifed as an accountant in 2002. As a Partner, Susie’s specialisms include managing the firm's large group audits and leading on staff...

Read More

Share this article:


0 Comment


Nobody has commented yet. Why not add one?

Add your Comment

We have the ability to edit and/or delete posts and comments. Links should be relevant to the topics. Please note all comments are subject to review before inclusion.


Register to comment


Memberships & Accreditations

When appointing a firm of accountants it is important to check that they are appropriately registered and regulated.

Our clients can be assured that Scott & Wilkinson are registered with the Institute of Chartered Accountants in England and Wales to carry out audit work in the United Kingdom and regulated for a range of investment business activities.

We are also registered with the Chartered Institute of Taxation as a firm of Chartered Tax advisors. 

Any use of the term "partner", if used, indicates a member of Scott & Wilkinson LLP or an employee of Scott & Wilkinson LLP with equivalent standing and does not indicate that a partnership exists for the purposes of the Partnership Act 1980