TaxPersonal TaxChefs offered immunity in tax swoop

Chefs offered immunity in tax swoop

The Inland Revenue has promised immunity to chefs that pay outstanding tax on money they received from 'backhander' payments made by food suppliers.

Link: Revenue investigations yield significantly less

This follows a Revenue investigation which aims to put an end to the widespread practice in the restaurant industry where chefs are paid money by food suppliers to secure business.

The investigation is centred around the South-East at present where hundreds of chefs are believed to be under investigation, while as many as 40 may face inquiry from the Revenue’s special compliance office, which only looks at cases where more than £100,000 in tax is owed, according to the FT.

The practice of backhander payments became known to the Revenue after irregularities were discovered in the accounts of a collapsed food supplier.

Related Articles

HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

6d Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

1w Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

2m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

3m Emma Smith, Managing Editor
Rangers tax case to have ‘dramatic’ consequences for football and business

Legal Rangers tax case to have ‘dramatic’ consequences for football and business

3m Emma Smith, Managing Editor
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

3m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

3m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

3m Alia Shoaib, Reporter