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In the last few years, there’s been no shortage of reports about celebrities and major organisations falling foul of HMRC – and last year, a rejuvenated HMRC reported a 29% increase in tax avoidance prosecutions.

However, we all want to make sure that we legitimately claim as much as we can against tax, keeping hold of our hard-won freelance earnings or business profits. So what can we do to make sure we’re walking the right side of the line – and not attracting unwelcome attention from HMRC?

 

Of course, HMRC sometimes carry out random inspections, so there’s no need to be instantly paranoid if you discover they’ve got their beady eye on you. If you’ve followed the steps above, it shouldn’t matter.

About The Author

Karl Bilby

We work very closely with our expert accountants to bring you the latest factually correct tax and accounting news. We also enjoy writing about small business news that we hope you find useful!

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