In the last financial year to March 2009 the HMRC managed to grow revenue generated through tax investigations to £12.1 Billion, an increase of 7% on the previous year. Overall the HMRC has grown revenue generated through tax investigations by 64% since the creation of the organisation back in 2005.
The increase in tax revenues has been attributed to a tougher and more intrusive approach taken by the HMRC. However question marks exist over the bottom line increase in tax revenues with compliance costs reported to be very high. It is understood IR35 Investigations conducted by the HMRC cost the organisation significantly more than they generate however this obviously does not take into consideration the revenues generated by scare tactics, where an individual would rather play it safe than operate in a manner that would cause them to have sleepless nights.
Commonwealth Contractors is a collection of highly skilled professionals from the Commonwealth and beyond. We partner with OISC Registered Immigration Partners capable of professionally representing Tier 1 Visa Applications / Extensions and Tier 2 Licensed Consultancy & Associated Trust Partners who may be prepared, where required, to sponsor a Medical, Information Technology or Engineering Professional on a Tier 2 Visa (formerly UK Work Permit).
To find out more call Commonwealth Contractors now on 0330 390 9021 or Submit your details now and we will get right back to you. Please be prepared to send a copy of a recent CV so that we can pass to interested partners.