HMRC widens tax taskforce net

Just before the Jubilee weekend, HMRC expanded its compliance and enforcement programme by announcing a wave of new taskforces to investigate evasion in specific commercial and geographical sectors:

  • Property rentals in East Anglia, London, Leeds, York, Leicester, Nottingham, Lincoln, Durham and Sunderland; expected to recover more than £17m
  • Restaurants in the Midlands - extension of work already underway in Scotland, North West and London; expected to recover £2.5m
  • Taxi firms in Nottingham, Yorkshire, Leicestershire and Derbyshire; expected yield £2m
  • Taskforce targeting London’s market traders announced 31 May; expected yield £1.85m

The task force focusing on restaurants will extend the geographical reach of similar campaigns that have already targeted establishments in London, the North West and Scotland. Almost 30 companies have been prosecuted under the initial exercise, and HMRC is projecting a yield of more than £13m. HMRC hopes that taking in the Midlands will add another £2.5m to that total.

Even with regular updates to AccountingWEB’s tax taskforce tracker, it can be difficult to monitor all of HMRC’s current compliance campaigns. By our estimates, some 25 campaigns have now been undertaken since the beginning of 2011; with around 20 or so more due to be set in train during 2012/13.

If you or your clients have been affected by any of HMRC's targeted campaigns, join our Tax investigations discussion group to share experiences and advice with other members.

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Comments

I welcome this move and wish    3 thanks

esimps | | Permalink

I welcome this move and wish the taskforce luck in their pursuits. Everyone has a responsibility to pay tax and the country needs the tax take more than ever!

Good!

The Black Knight | | Permalink

But why have they stopped publishing details? You would have thought the value of the 30 prosecutions mentioned above is in the deterrent.

These have been punished as examples? Why keep it a secret?