Taxman sets up taskforces to tackle tax dodgers

by Calum Fuller

More from this author

31 May 2012

  • Comments
HM Revenue and Customs

SIX TASKFORCES have been assembled by HM Revenue & Customs in an attempt to recover as much as £23m from tax dodgers.

The teams will specifically target market stall-holders in London, taxi firms in Yorkshire and the East Midlands, restaurants across the Midlands and property rental businesses in East Anglia, the Northeast, Yorkshire and London.

Traders will be visited by the teams, which will then examine their records and carry out other investigations in short, sharp bursts of activity.

HMRC's Mike Eland, director-general of enforcement and compliance, sounded a stern warning to people engaged in tax evasion.

He said: "This is not an empty threat. HMRC can and will track you down if you choose to break the rules.

"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."

Exchequer secretary, David Gauke, added: "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."

Visitor comments

blog comments powered by Disqus
display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit
  • Send

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.