The Tax Taskforces are specialist HMRC teams that undertake intensive bursts of tax investigations in specific trade sectors and locations in the UK – felt by HMRC to pose a particularly high-risk of tax evasion. Taskforce teams visit traders – examining their records and carrying out other investigations.
New Taskforce targets are announced by HM Revenue & Customs every few months. Those launched today are targeting:
- So-called “hidden wealth” in the South and South East. Again targeting individuals and businesses in South Buckinghamshire; Berkshire; Dorset; Hampshire; Isle of Wight; Kent; Surrey; Sussex and Wiltshire. HMRC will be looking for people with offshore bank accounts, and those living lifestyles beyond their obvious means. Target yield £2.8 million.
- Tax cheats in the North East and Lincolnshire who set up businesses solely for the purpose of making false VAT repayments claims. Target yield £6 million.
- Individuals and businesses in the road transport industry (in South Buckinghamshire; Berkshire; Dorset; Hampshire; Isle of Wight; Kent; Surrey; Sussex and Wiltshire) who are not declaring their income, and are selling or using illegal fuel. Target yield £3.75 million.
HMRC taskforces have raised more than £100M since being launched in 2011-12. They have a target to collect over £90M a year over the next 3 years.
How can Lynam Tax Enquiry Experts help me?
If you are undergoing a tax investigation or a compliance check then specialist help from Lynam Tax Enquiry Experts could save your blushes and your business. Plus, our massive experience will almost certainly save you tax and penalties as well.
*For a free, confidential chat about your tax affairs, don’t delay, call Paul Lynam now on 0845 643 9997
or Andrew Nutbrown on 07718 778710