This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet
HMRC Threatens 30 New Tax Evasion Taskforces in 2012/13
23/02/2012, by Lee Sharpe, Tax News - Business Tax
2964 views
0
Rate:
Rating: 0/5 from 0 people

HM Revenue & Customs has announced that there will be 30 new taskforces to target specific business sectors in specific geographic locations where they have evidence of tax evasion.

The intended targets include:

  • The 'rag' trade - wholesale market for clothes including import, rather than shops
  • The motor trade - here we understand that HMRC is evaluating all aspects of the industry, including dealers and garages
  • Indoor and outdoor markets

Whilst more detailed announcements will follow, we also understand that HMRC has considered much of the 2011/12 taskforce activity to be highly successful, and that at least some of the 30 'targets' in 2012/13 will be the same business sector as in 2011/12 but in new geographic locations. 

The 2011/12 targets were in summary

  • restaurants and fast food outlets 
  • property businesses
  • construction and
  • scrap metal dealerships

HMRC has already made it clear that they intend to look closely at construction and the Home Improvement' sector this year, in terms of its 'amnesties' such as the new Electricians' Tax Safe Plan, followed up by further enforcement activity.

About The Author

Lee is TaxationWeb's Articles & News Editor and writes for TaxationWeb. He is a Chartered Tax Adviser with experience of advising individuals and owner-managed businesses over a broad spectrum of tax matters.
Back to Tax News
Comments

Please register or log in to add comments.

There are not comments added