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HMRC

HMRC issues more fines for deliberate corporation tax misinformation

HMRC is reducing the amount of money it asks businesses for obfuscating its tax affairs. The average corporation tax penalty issued fell 72% over the last year to £4,845, down from £17,454.

The number of businesses fined by HMRC for deliberately obscuring corporation tax has increased to its highest level in four years, according to City A.M.

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