Code of governance for tax disputes

When HMRC visits, the risk of landing a penalty for miscalculating tax escalates. We take a look at a firm at the sharp end of an investigation

James has a small light engineering firm in Preston, Lancashire. He employs 47 people, both full and part-time, and is currently battling to keep the order book filled while his customers consider using cheaper suppliers in China and Taiwan.

James hasn’t taken any salary for three months and is relying on his wife’s salary as a part-time nurse in the NHS to pay the monthly bills.

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