Steven Mugglestone

The more I learn, the less I know

HMRC are showing their teeth and will bite:

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HMRC are showing their teeth and will bite

Electricians, plumbers, tutors, medical professionals, landlords, food retailers, construction businesses are already being targeted and now HMRC target set new task forces to target the rage trade, the motor trade and indoor markets.

This latest announcement shows that HMRC are really ‘showing their teeth’ in dealing with tax dodgers where HMRC is concerned.  Anyone with tax irregularities needs to sort them out extremely urgently and it is always better to come forward rather than wait to be found out.

This announcement and the recently launched ‘Contractual Disclosure Facility’ for investigating suspected tax fraud shows HMRC’s increasing desire to clamp down on deliberate tax evaders.  The tax authorities also have a dedicated disclosure scheme involving undisclosed assets held offshore (the Liechtenstein Disclosure Facility) running at the moment that could, in certain circumstances, be the best way to proceed.

Anyone with a tax disclosure to make should seek specialist professional advice.  Information on making a disclosure is available on the HMRC website and by contacting McGregors Corporate for help.

Steven Mugglestone BA FCA,
Finance Director Services
McGregors Corporate, Entrepreneurial Chartered Accountants and Business Advisers
…….Really good for your business

McGregors Corporate are a Member of Probiz Tax, providing Innovative Tax Solutions to Owner Managed Businesses.

T: 0845 519 5659                T: 0121 236 3317

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Written by Steven Mugglestone

March 8, 2012 at 5:16 pm

Posted in HMRC

Tagged with , ,

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