Latest News

June 2012

Six new taskforces launched by HMRC

30 taskforces are to be launched in 2012/13, compared to the 12 launched in 2011/12 and are specialist teams that undertake intensive bursts of activity in specific high risk trade sectors and locations in the UK. The teams will visit traders to examine their records and carry out other investigations.

Taskforces are a result of the Government’s £917m spending review investment to tackle tax evasion, avoidance and fraud from 2011/12, which aims to raise an additional £7bn each year by 2014/15.

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

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

David Gauke, the Exchequer Secretary, said:

“HMRC is on target to collect more than £50m as a result of the taskforces launched in 2011/12.  We have made it clear that we will not tolerate tax evasion – everyone needs to pay the taxes they owe in full. We are determined to crack down on the minority who choose to break the rules. It is not fair that at a time when most hard-working people are paying the right tax, others are trying to get out of paying what they should.”

HMRC’s Mike Eland, Director General Enforcement and Compliance, said:

“These new taskforces will bring together specialists from across HMRC to tackle tax dodgers. If you have paid all your taxes you have nothing to worry about. But deliberately evading tax you should be paying can land you with not only a heavy fine but possibly a criminal prosecution as well.  This is not an empty threat - HMRC can and will track you down if you choose to break the rules.”

If you are concerned that you may be targeted, or have other questions regarding tax, please contact one of our tax managers either Ian Frost on 0121 711 2468 or Sarah Grandison on 02476 518 555.