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Companies are receiving demands for tens or even hundreds of thousands of pounds in potentially unpaid tax

Thousands of small companies could be facing an uncertain future as a result of HMRC’s clampdown on tax avoidance schemes, according to an insolvency trade body. As HMRC steps up its demands for repayment, R3 says that companies are receiving demands for tens or even hundreds of thousands of pounds in potentially unpaid tax and national insurance contributions. HMRC has said it expects to issue nationally a further 40,000 demands by the end of 2016

Authors: From smallbusiness.co.uk

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