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.
Much of HMRC’s announcement is an update on existing taskforces as the ICAEW notes. A dozen of the taskforces were announced in 2011, targeting sectors including restaurants and fast food, scrap metal, and property.
HMRC said that taskforces only target people who are at high risk of breaking the rules and don’t pay the tax they owe. It said: “We know we’re going after the right people – some taskforces have hit rates of 100% so far.”
The taskforces were created following the government’s £917m spending review investment to tackle tax evasion, avoidance and fraud from 2011/12. It aims to raise an additional £7bn each year by 2014/15.
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.
Much of HMRC’s announcement is an update on existing taskforces as the ICAEW notes. A dozen of the taskforces were announced in 2011, targeting sectors including restaurants and fast food, scrap metal, and property.
HMRC said that taskforces only target people who are at high risk of breaking the rules and don’t pay the tax they owe. It said: “We know we’re going after the right people – some taskforces have hit rates of 100% so far.”
The taskforces were created following the government’s £917m spending review investment to tackle tax evasion, avoidance and fraud from 2011/12. It aims to raise an additional £7bn each year by 2014/15.
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