40% of corporation tax returns are wrong
Figure is 'no surprise' to Revenue, FT reports
Four out of ten corporation tax returns contain mistakes.
The figures caused a new row today, as the FT reported the Revenue’s view
that the fact ‘does not come as a surprise.’
The numbers were disclosed in a National Audit Office report on corporation
tax earlier this month.
A spokesperson for HMRC is quoted saying: ‘[the numbers] do not come as a
surprise. It is important to remember that the errors counted here will include
any adjustment to tax, no matter how small (even one penny).’