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Revenue watch: Information overload

Speed read

Speed Read: The taxpaying public, generally speaking, is disinclined to commit any kind of tax fraud on the basis that: 1) they are honest; and 2) the taxman will find out sooner or later. But what information HMRC has and how it obtains that information is a mystery to many. There is a huge amount of data to which HMRC has access, but how does HMRC obtain and use this information?

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