HMRC announces a wave of new taskforces to investigate evasion in specific commercial and geographical sectors

 

Tackling tax evading restaurants

 

HM Revenue & Customs (HMRC) has revealed that a new taskforce will be tackling tax evading restaurants in the Midlands as part of a wider initiative to increase tax revenues in the UK.

It is hoped that the new project will result in an additional £5 million being raised by HMRC.

The taskforce will visit traders that it deems “high risk” in order to examine their records and carry out other investigations.

Similar programmes in other parts of the country have seen some unannounced visits on restaurants resulting in the arrest of some of the restaurant owners themselves.

 

Criminal Prosecutions

 

Mike Eland, HMRC’s Director General Enforcement and Compliance, said: “If you have paid all your taxes you have nothing to worry about. But deliberately evading tax you should be paying can land you with not only a heavy fine but possibly a criminal prosecution as well.

“This is not an empty threat – HMRC can and will track you down if you choose to break the rules.”

Restaurateurs wishing to seek the assistance of a specialist accountancy service should contact Simon Nock in order to arrange a free and confidential meeting.

 

If you have enjoyed this article, you might like to read our previous article on CIS Monthly Returns.

Cookie Control

Cookie control

We have placed cookies on your device to help make this website better.

I'm fine with this

We have placed cookies on your device to help make this website better.

You can use this tool to change your cookie settings. Otherwise, we’ll assume you’re OK to continue.

Some of the cookies we use are essential for the site to work.

We also use some non-essential cookies to collect information for making reports and to help us improve the site. The cookies collect information in an anonymous form.

To control third party cookies, you can also adjust your browser settings.

I'm fine with this
(One cookie will be set to store your preference)
(Ticking this sets a cookie to hide this popup if you then hit close. This will not store any personal information)
Information and Settings Cookie policy