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Will you be an HMRC taskforce target?

HMRC is launching thirty new taskforces in 2012/13 to crackdown on those businesses it believes are likely to attempt to evade tax.

Likely targets include the textiles industry, the motor trade, and indoor and outdoor markets, according to HMRC.

The taskforces are regional, and HMRC expects to collect more than £50 million as a result of 12 taskforces that were launched in 2011/12. These included London restaurants, fast food franchises, Scottish scrap metal traders, and North West landlords.

The taskforces form part of HMRC’s ramping up on anti-avoidance. Other initiatives launching or already launched include targeting those working in home improvement trades, direct selling, online trading and electricians.

If you are concerned about your tax affairs please do not hesitate to contact us.