HMRC taskforce nabs 531 restaurants
HMRC is investigating 531 restaurants for possible tax evasion, as part of its crackdown on high risk industries across the UK.
The 45 cases brought to a conclusion so far have yielded £634,050 in tax penalties, with 22 more cases being considered for criminal or civil prosecution for fraud.
Scotland was the most heavily targeted area, with 222 restaurants investigated, followed by London and the North West.
Responding to the initiative, one AccountingWEB member described the crackdown as “long ovedue”. Other members queried the department’s definition of “high risk” and the potential confusion of tax evasion with tax avoidance by those caught up in the industry-specific investigations.