Taxman ramps up property searches in evasion crackdown

by Calum Fuller

More from this author

12 Jun 2012

  • Comments

PROPERTY SEARCHES by the taxman staff leapt to 499 – more than double on the previous year.

With extra resources to combat tax evasion, HM Revenue & Customs has stepped up the number of property searches it undertakes. In 2011/12, 499 property searches were undertaken, compared to 196 a year earlier. The taxman was allocated £917m to combat tax evasion and avoidance.

During the same period, there were 545 charges for evasion and 413 convictions in the 2011/12 tax year, a success rate of 92%. While the charges and convictions also relate to excise fraud, HMRC suggests that they are indicative of its success in combatting evasion.

The revenue loss prevented as a result of the investigations totalled approximately £940m.

A spokesman for HMRC said: "We have increased the number of properties we search to help deliver a fivefold increase in criminal prosecutions for tax evasion."

As part of its wider crackdown against evasion, the taxman last month announced it would be sending out taskforces to 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.

Visitor comments

blog comments powered by Disqus

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

  • Send

Charterhouse Accountants

Finance Officer

Charterhouse Accountants, Beaconsfield, Permanent, Full Time, £ Competitive




Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials


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



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.


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.