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HMRC new power to issue pay now, investigate later demands

Accounting, Businesses, National Insurance, Personal Tax, Tax/VAT Cases l

Tax calculatorHMRC are reported to be undertaking a targeted campaign against IT and financial services contractors, using the new “accelerated tax demands” to force tax payers into making payments within 90 days, ahead of the tax payer being able to respond.

* Campaign started August 2014

* £1bn collected to date

* £24m already refunded on appeal

* 64,000 notices expected by 2020

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