HM Revenue and Customs (HMRC) collected an extra £3.4 billion from SME's as a result of underpaid VAT in the last financial year as part of the crackdown on tax evasion.
HMRC’s inquiries can be particularly costly, time-consuming and disruptive for SMEs, who may not have contingency plans in place to deal with a long tax investigation. 'VAT can rake in a lot of extra revenue for HMRC, and therefore the taxman is prepared to use all means at its disposal.' According to Tax Investigation Insurer PfP
Regency can help with funding your VAT bill. If you think that you can benefit from this assistance. Give us a call on 0161 280 4010, drop us an email at lynnew@regencyfactors.com or browse our website for more details on how our facilities can work for you.
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