Launched in May 2011, HMRC's task force initiative focusses on areas where a significant underpayment is identified.
Targeting areas it regards as high risk - restaurants, fast food outlets and scrap metal dealers - each specialist team will undertake an intensive burst of compliance activity to uncover businesses owing tax.
HMRC stated the initiative is "a result of the government's £917m spending review re-investment to tackle tax evasion, avoidance and fraud from 2011/12, which aims to raise an additional £7bn each year by 2014/15."
HMRC has planned 12 taskforces in 2011/12, with more to be announced in 2012/13. Announcements and the returns achieved will be published in our full tax taskforce tracking table - visible to registered AccountingWEB members.