Friday 8 June 2012

HMRC launches new taskforces

HM Revenue & Customs (HMRC) has launched six new taskforces in an effort to recover more than £23m from ‘tax dodgers’.

The taskforces will target traders who do not pay the correct amount of tax in:

·         Indoor and outdoor markets in the London area
·         Property rentals in London, East Anglia, Yorkshire and the North East
·         Restaurants in the Midlands
·         Taxi firms operating in Yorkshire and the East Midlands

HMRC has set up a series of specialist taskforce teams to undertake activity in specific high risk trade sectors and locations in the UK.  The teams will visit traders in order to examine their records and carry out other necessary investigations. 

HMRC is on target to collect more than £50m as a result of the taskforce teams launched in 2011/12.  Twelve taskforces were launched in 2011/12, with thirty to follow in 2012/13.

Taskforces are a result of the Government’s spending review investment to tackle tax evasion, avoidance and fraud.

For further information/advice on this topic please contact Ward Williams: http://www.wardwilliams.co.uk/

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