Posted by Nick Day on 21 Nov 2013
HMRC Taskforce Targets South and South East
HMRC (HM Revenue & Customs) is ratcheting up its successful taskforce campaign by aiming at individuals and business in the South and South East of England that hide their wealth from the taxman.
Individuals with offshore accounts and those living lifestyles that appear beyond their current earnings potential due to undeclared income will be targeted by the latest campaign.
The HMRC taskforce will concentrate on individuals and businesses in the following areas – South Buckinghamshire, Berkshire, Dorset, Hampshire, Isle of Wight, Kent, Surrey, Sussex and Wiltshire. HMRC is hoping to raise £2.8M.
A separate campaign in the area will be aimed at those evading tax from the use of illegal fuel in the road transport industry.
The HMRC taskforces are groups of specialist tax officer teams that concentrate on what are perceived to be high-risk sectors and locations in the UK. The teams visit taxpayers to review records and investigate circumstances to judge whether tax has been underpaid.
HMRC has launched 54 taskforces over the past two years. A further 16 are planned for the current 2013-14 year and up to 30 for the coming 2014-15 year.
David Gauke, Exchequer Secretary to the Treasury, stated:
“We are determined to support hardworking people who want to get on, but the people being targeted by these taskforces have no intention of playing by the rules. This Government has made it clear that we will not tolerate tax evasion and has provided HMRC with the resources to crack down on those who break the rules.”
The team at Tax Innovations has experience of helping individuals and businesses under investigation by HMRC so please contact us for assistance if you are targeted by the tax office.
If you would like any advice regarding the above article or would simply like to discuss other ways in which we could help you or your business, please contact us on 01962 856 990 or firstname.lastname@example.org
- Property Partnership Incorporation and SDLT
- Top 10 tax tips for expats moving to the UK
- Overseas Pension Changes 6 April 2017
- Qualifying Non-UK Pension Schemes (QNUPS)
- UK Letting Income – Changes to “10% Wear and Tear” Rules