HMRC has announced 30 taskforces to crackdown on tax avoidance and tax evasion over the next two years. Likely targets for tax inspectors include the clothing industry, the motor trade and markets.
HMRC said it expected to collect more than £50m as a result of 12 taskforces launched in 2011/12 – and with 13 criminal investigations under way, this figure is expected to rise.
Exchequer secretary to the Treasury, David Gauke, said in a statement: “The government is committed to tackling tax evasion and avoidance. HMRC’s taskforces are cracking down on people who choose to break the rules and creating a level playing field for the majority who play by them.”
Taskforces are aimed at specific business sectors in specific locations where HMRC has evidence of tax evasion. Other tactics to tackle evasion and avoidance include tax amnesties and criminal and civil prosecutions.
The taskforces target sectors at the highest risk of tax evasion, typically focusing on groups of up to around 600 businesses, the ICAEW said. More details on the 2012/13 taskforces will be announced later this year.