In a news release issued today, HMRC announced that 2012/13 would see the launching of 30 new taskforces, the aim of which is to crack down further on tax evasion.
The taskforces will target specific business sectors in specific locations where there is evidence of tax evasion. The likely new targets include the rag trade, the motor trade and market traders. Full details on all 2012/13 taskforces will be announced later in the year.
HMRC says it expects to collect over £50m from other trades as a result of 12 taskforces launched in 2011/12. It also says that 13 criminal investigations are under way.
HMRC will also extend some of the existing taskforces to different locations throughout the UK. Restaurateurs, fast food franchisees, hot food takeaway operators, landlords, scrap metal dealers and construction workers should take note.
Martin Aitken & Co can help anyone with tax problems. If you are affected by this announcement please contact Richard Green or Tricia Halliday in our Tax Department without delay.