Steven Mugglestone

The more I learn, the less I know

Taxis, Markets and Restaurants are now on the HMRC Menu:

leave a comment »

HMRC target taxis, markets and restaurants

The list is growing as HMRC announce six new taskforces and follows on from the ones below:

These taskforces will operate specifically within the following industries and locations:

  • Indoor and outdoor markets in London
  • Taxi firms in Yorkshire and East Midlands
  • Property rentals in East Anglia, London , Yorkshire and the North East
  • Restaurants in the Midlands

These selections are not arbitrary; as HMRC state, taskforces are created to target high risk trade sectors and locations in the UK where levels of tax evasion, avoidance and fraud are perceived to be high.

The taskforces, comprised of various HMRC compliance and enforcement teams, will visit traders to review their records and carry out other investigations. HMRC anticipates that these six new operations will recover more than £23 million in unpaid tax. This will add to current projections of over £50 million the revenue expects to recover resulting from taskforces mobilised in 2011/12.

HMRC’s Mike Eland, Director General Enforcement and Compliance, said:

“These six new taskforces will bring together specialists from across HMRC to tackle tax dodgers. If you have paid all your taxes you have nothing to worry about. But deliberately evading tax you should be paying can land you with not only a heavy fine but possibly a criminal prosecution as well.”

For accountants, such initiatives represent a significant opportunity to win new business by offering assistance to individuals and businesses facing the possibility of investigation.

To find out more about these taskforce initiatives, please visit HMRC or when you need help, contact us below:

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.

http://uk.linkedin.com/in/stevenmugglestonefca/

T: 0845 519 5659                T: 0121 236 3317
steven@mcgregorsbirmingham.co.uk
steven@mcgregorsleicester.co.uk

Connect, call, talk, email, contact us, send a messenger pigeon and arrange a discussion, review and free meeting.

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.

http://uk.linkedin.com/in/stevenmugglestonefca/

T: 0845 519 5659                T: 0121 236 3317
steven@mcgregorsbirmingham.co.uk
steven@mcgregorsleicester.co.uk

Connect, call, talk, email, contact us, send a messenger pigeon and arrange a discussion, review and free meeting.

 

Advertisements

Written by Steven Mugglestone

June 13, 2012 at 7:38 am

Posted in HMRC

Tagged with ,

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: