The rag trade, the alcohol industry and the rental property market are the latest targets of HMRC’s crackdown on tax cheats in businesses across the UK.
Taskforces have been launched and will be carrying out spot checks and analysing the records of rag traders in the Midlands, North Wales and the North West as well as those involved in the production, distribution and selling of alcohol in Scotland.
Several MPs who are facing fresh public scrutiny over profits made from renting out tax-payer financed accommodation could come under the spotlight as the taxman as landlords of property in the South East will also be targeted.
HMRC expects to recoup an estimated £17m in unpaid tax from the three taskforces and Jennie Granger, director general enforcement and compliance at HMRC, said:
‘HMRC is seriousabout tackling people who are not paying what they should. Anyone deliberately evading tax should watch out – HMRC is closing in on tax cheats.’
According to David Gauke, the Exchequer secretary, HMRC is ‘on target’ to collect more than £50m from taskforces since their launch last year. He said:
‘The vast majority of people play by the rules. We will not tolerate tax evasion and will crack down on the minority who choose to break the rules.’