United Kingdom
7 November 2011 - new list of HMRC targets
HMRC has published a new list of sectors it intends to target with its compliance taskforces.
The list, focusing on particular activities in different parts of the country, is as follows:
- scrap metal dealers in Scotland, focusing on those who are deliberately suppressing their income or inflating expenditure to evade paying tax;
- construction traders who are self employed or run their own company who suppress sales or over-claim expenses in the North West and North Wales;
- taxpayers not submitting corporation tax, income tax , PAYE and VAT returns in the South East;
- fast food outlets deliberately falsifying their records and mis-declaring their true sales levels to avoid paying the correct taxes in Scotland; and
- landlords – owning or renting three or more properties – evading their tax responsibilities in North West and North Wales.
HMRC is planning 12 taskforces in 2011/12, with more to follow in 2012/13.
Businesses and individuals who may fall into any of the above categories should urgently consider approaching HMRC and negotiating a settlement in order to maximise the discount to any penalty that might be charged, which they will not receive if they are first contacted by HMRC.
For more information, or assistance with making a disclosure, please contact Dawn Register.