The chances of being audited by HMRC (Her Majesty's Revenue and Customs) in the UK depend on various factors, such as the type of tax you pay, the size and complexity of your business or personal finances, and your compliance history. Genrate or Order Genuine Payslips online
For individuals, the likelihood of being audited is relatively low. In the 2020/2021 tax year, HMRC conducted 2.8 million compliance checks, which includes both full audits and more targeted checks. However, this number includes businesses and individuals, so the actual number of individual tax audits is lower.
If you run a business, your chances of being audited by HMRC increase, especially if you are a large or complex business. HMRC tends to focus its audit efforts on high-risk areas such as cash transactions, international trade, and complex tax arrangements.
However, it's important to note that the goal of HMRC is not to catch everyone who makes mistakes on their taxes, but rather to ensure that taxpayers are compliant with tax laws and regulations. As long as you keep accurate records and file your tax returns on time and correctly, your chances of being audited are relatively low.