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Friday 30 December 2011

HMRC Launches new Tax Task Forces

HMRC have followed a recognisable strategy in building specialist teams or "Task Forces" to tackle tax avoidance and evasion in key areas of the country and certain trade sectors.

This month, HMRC have announced the creation of Task Forces to deal with
  • Tax avoidance in the Construction Industry
  • Tax evasion by property landlords in north west England and north Wales
  • Tax avoidance generally in Scotland
  • Tax avoidance in the south east of England due to non submission of Self Assessment Returns
Walker Thompson's View:  This is the tip of a very large iceberg whereby greater rewards can be obtained through the penalties arrangement than might be gathered in tax in the first place.

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