Get free updates - subscribe to our monthly newsletter Subscribe
In an announcement on 9 June 2011 HM Revenue & Customs (HMRC) has stated their intention to target ‘tax dodgers’ in the restaurant trade.
The initial focus of the taskforces will be North West England, London and Scotland with more to follow later in 2011/2012 and 2012/2013.
The following statement has been issued by HMRC:
‘The taskforces will tackle rule-breakers and evaders quickly and effectively. The first taskforce in Scotland will focus on the restaurant trade over the coming weeks.
Honest businesses have absolutely nothing to worry about. Only those who choose to break the rules, or deliberately evade the tax they should be paying, will be targeted.
But HMRC is clear – if you deliberately seek to evade tax we can and will track you down and you’ll face not only a heavy fine, but possible a criminal prosecution as well.’
HMRC has also published the number of their Tax Evasion Hotline and is encouraging people to ring if they are aware of someone who is evading their taxes.
If you like this article and would our FREE updates sent straight to your inbox then subscribe to our monthly newsletterSubscribe
All content © 2015 Armstrong Watson. All Rights Reserved. Website by Simon Pighills.
Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson Accountants, Business & Financial Advisers is a trading style of Armstrong Watson LLP. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.
Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales No. 8800970. Registered office: 15 Victoria Place, Carlisle, CA1 1EW
Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales No. 7208672. Armstrong Watson Financial Planning & Wealth Management is a trading name of Armstrong Watson Financial Planning Limited. Registered Office: 15 Victoria Place, Carlisle, CA1 1EW