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Sanjay Mehta Quoted in Financial Times on HMRC Tax Investigations Into Large Businesses

Firm News | January 16, 2018

Sanjay Mehta, Tax partner, was quoted in the Financial Times regarding the increasingly lengthy nature of enquiries by HM Revenue & Customs into the tax affairs of Britain's largest businesses. The Financial Times released data suggesting that such enquiries are now thought to be taking 34 months on average.

Sanjay commented that company directors are increasingly frustrated by the tax authority's protracted approach to such enquiries. He said, "The overwhelming majority of large corporates aim to have a collaborative relationship with HMRC. However, frustration can arise where inquiries drift unnecessarily—in some cases, for a number of years—and tax liabilities cannot be finalized. This can absorb a significant amount of management time, as well as having a significant effect on business planning and financial reporting."

In discussing the possible reasons behind the delays, he added, "There is a broad recognition that HMRC is under-resourced. This can sometimes become apparent from how an inquiry is being managed or the length of time it takes for an inquiry to be resolved." (Large Business Frustrated by Lengthy HMRC Tax Investigations" January 15, 2018)

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