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HMRC’s corporation tax yield up 25%

THE AMOUNT OF CORPORATION TAX HM Revenue & Customs collects from UK companies has risen 25% to £4bn, from £3.2bn, over the last 12 months. Increased activity in preventing tax avoidance by large businesses and multinationals engaging in tax avoidance strategy has led to the rise, according to research conducted by law firm Pinsent Masons.