If death and taxes are the only two things certain in life, tax disputes must come a close third.
The new Labour Government has now set out its stall, making a range of spending commitments that will inevitably need funding. The Autumn Budget raised the UK’s tax liability by 2.2% of GDP, or £40 Billion in real terms. These tax rises are part of the puzzle of how the Government will fund its ambitious plan, but we also expect HMRC to increase the zeal with which it pursues individuals and businesses whom they suspect may owe the treasury funds. In 2025, this increased compliance activity will touch upon a range of areas.
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