TaxCorporate TaxHMRC launches VAT taskforce

HMRC launches VAT taskforce

HMRC targets VAT evaders in Scotland and Northern Ireland

PEOPLE MAKING FRAUDULENT VAT RECLAIMS in Scotland and Northern Ireland are to be targeted as HM Revenue and Customs launches a new taskforce.

Taskforces usually operate in “short, sharp bursts of activity” in targeted areas of the country and perceived high-risk industries. The teams make both announced and unannounced visits to traders to examine their records and carry out other investigations.

HMRC said it has seen “an increased risk of fraudulent VAT repayment claims in Scotland and Northern Ireland, in particular businesses being set up purely for the purpose of making false VAT repayments claims”. It expects this taskforce’s activities to generate around £7m.

Overall, the use of taskforces has collected more than £90m in 2011/12. It expects to bring in a further £90m a year from taskforces launched over the next three years.

HMRC director-general of enforcement and compliance Jennie Granger said: “It is really important that we level the playing field by stopping tax cheats. Deliberately falsifying VAT records can lead to imprisonment. Our message is – do the right thing. If you haven’t already, come clean now. If you don’t, we will find you, investigate you and, not only could you face a heavy fine, but you may face a criminal prosecution as well.”

Related Articles

‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
OTS report: Corporation tax should follow accounts

Corporate Tax OTS report: Corporation tax should follow accounts

5m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

5m Emma Smith, Managing Editor
Spring Budget 2017: Making Tax Digital

Business Regulation Spring Budget 2017: Making Tax Digital

9m Shereen Ali, Deputy Editor
Tax fraud loses HMRC £16bn

Corporate Tax Tax fraud loses HMRC £16bn

10m Emma Smith, Managing Editor
HMRC nets £2.6bn in corporate tax from big businesses

Corporate Tax HMRC nets £2.6bn in corporate tax from big businesses

10m Accountancy Age editorial
Tax crackdown brings in £468m for HMRC

Corporate Tax Tax crackdown brings in £468m for HMRC

11m Accountancy Age editorial
Treasury Select Committee report released on Making Tax Digital

Accounting Standards Treasury Select Committee report released on Making Tax Digital

11m Stephanie Wix, Writer