HMRC snaffled an additional £470m from probes into the tax affairs of small businesses last year, according to data gleaned by UHY Hacker Young.
The firm has warned SMEs that they could come under greater scrutiny as the taxman looks to up its tax take by shifting its focus from investigations into larger businesses to smaller players.
The tax take from inquiries into large businesses fell by 13%, from £4bn to £3.5bn, in the year end 31 March 2014/15.
Accountancy Age: HMRC ups tax take from SMEs by £470m last year
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