Taskforce in self-assessment tax cheats crackdown

by Calum Fuller

More from this author

13 Feb 2013

  • Comments
HMRC Whitehall

SELF-ASSESSMENT TAX DODGERS are to be targeted by a HM Revenue & Customs' taskforce.

Taskforces usually operate in "short, sharp bursts of activity" in targeted areas of the country and perceived high-risk industries. The new operation will be looking at around 400 taxpayers in London and the South-East, with an expected yield of £6m.

Taskforces tackling tax evasion in Northern Ireland, the jewellery trade in the Midlands and fast food outlets in East Anglia are also underway.

The aim is to induce traders in the target industries and areas to voluntarily come forward and settle any outstanding tax liabilities they might have by generating publicity in the local area. Compliance checks are carried out, as well as announced and unannounced visits.

Taskforces are a result of the government's £917m spending review investment to tackle tax evasion, avoidance and fraud from 2011/12, although it is not known what proportion of that budget the taskforces account for. It is hoped, however, it will raise an additional £7bn each year by 2014/15.

HMRC director-general for enforcement and compliance Jennie Grainger said: "Up to 400 people will be targeted by this taskforce. The message is clear - if you choose to defraud the tax system or seek to evade tax, we can and will track you down. You will face not only a heavy fine, but possibly a criminal prosecution as well."

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.