TaxAdministrationGame over for Wimbledon scams

Game over for Wimbledon scams

Revenue sends in ace investigators to catch out Wimbledon locals avoiding paying tax on their sideline scams

The Inland Revenue has decided to play hard ball with Wimbledon homeowners hoping to profit from the forthcoming championships.

Link: Revenue to target residents who profit from Wimbledon

Accountancy Age reported last year that homeowners near the All England Lawn Tennis Club were being warned about a possible clampdown by the Inland Revenue on income from renting rooms, houses or running other sideline businesses.

And according to The Times, this year the Revenue will indeed be mingling with the crowds at Wimbledon in an attempt to grass up any locals who avoid tax on their sideline earnings.

It is estimated that the Revenue could net more than £500,000 from families who give up their houses to tennis fans or players during the championships.

Those who fail to declare earnings from Wimbledon can be served with a fine and demands for back tax.

A Revenue spokeswoman said: ‘It’s the job of our investigations team to know what is going on in the area. People are well aware when their income will be taxable – there is no excuse for that income not to be declared. Our advice is – don’t wait for us to come looking for you.’

It was not clear whether the investigators would be entitiled to watch the game while performing their duties.

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

2d Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

3w Emma Smith, Managing Editor
New trading allowance: simplicity, but not as we know it

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

2m Emma Rawson, ATT Technical Officer
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

3m Austin Clark, Reporter
Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

3m Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter