40% of corporation tax returns are wrong

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).’

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