HMRC Is tougher on small businesses, report suggests
Business News 20 Dec 2013
Margaret Hodge, the chair of the Public Accounts Committee, has said that HM Revenue & Customs (HMRC) 'seems to lose its nerve' when pursuing multinationals for tax that they owe.
A report carried out by the committee stated that, 'the lack of prosecutions against multinational corporations seems at odds with HMRC's stance on pursuing tax debt from small and medium-sized businesses in the UK'.
It also reported that HMRC failed to use all sanctions available to them, in order to robustly pursue all unpaid tax and has not proven to be on the side of people who pay their tax bills in full.