"Although the Government has announced its annual clampdown on tax avoidance and evasion and expects to raise an extra £1 bn, unless HMRC can divert staff to this area, it's unlikely to achieve its aims.
He continued:
"However, if tax inspectors are shunted into this supposedly high yielding area, it will mean a lot of 'average' tax payers and small businesses are left with little or no support from their local inspector," said Richard Mannion, National Tax Director at Smith & Williamson the accountancy and financial services group.
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