IMPORTANT NOTICE: HMRC scam email

Read more...

New Rules to help Home-Based Businesses

Read more...

Housing-related bills on the rise

Read more...

Tell HMRC by 30 September and get on track with your VAT. 02/09/11

Read more...

HMRC record checks defy red tape reduction plans Jan 2012

Read more...

HMRC send out Penalty Notices. 14/08/12

Read more...

Contact Us
News Items
Tax Tips

Great with People
Brilliant with numbers
Clear and precise with words


Call us now on 023 8083 6900 ABDS Home

Tax Tip

HMRC has announced its latest plans to launch 30 new taskforces


February 2012

HMRC has announced its latest plans to launch 30 new taskforces in the 2012/13 tax year. The likely targets will include:

 The rag trade
 The motor trade
 Indoor and outdoor markets

Taskforces bring together various HMRC compliance and enforcement teams for intensive bursts of activity targeted at specific sectors and locations where HMRC believes there is evidence of a high risk of tax evasion. HMRC has confirmed that it views the ‘rag trade’ as those concerned with the import, wholesale, marketing and sale of clothing.

In addition to the 2012/13 plans, the Revenue has today also announced the last of its taskforces for the current financial year, which involves the targeting of landlords in Scotland.

HMRC already expects to collect over £50million of additional tax as a result of the 12 taskforces launched in 2011/12, however, this figure is set to rise in the coming months. In addition, 13 criminal investigations are already underway - a clear sign that HMRC will continue to aggressively pursue individuals with the full force of its powers.

As always, we at ABDS will keep you informed as the situation develops.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net
 

« Back to Tax Tips