HM Revenue & Customs are targeting tax cheats in the South East and South of England with the setting up of a new taskforce.
The task force aims to recover £2.8 million of tax on undeclared income of individuals and businesses. Those living lifestyles beyond their obvious means through assets from undeclared income and offshore accounts will be identified and brought to account through investigations and examination of business records.
David Gauke, Exchequer Secretary to the Treasury, said “This Government has made it clear that we will not tolerate tax evasion and has provided HMRC with the resources to crack down on those who break the rules.”
HMRC’s Jennie Granger, Director General of Enforcement and Compliance, said “Deliberately not declaring your income is serious. Our message is – do the right thing. If you haven’t already, come clean now. If you don’t, we will find you, investigate you and, not only could you face a heavy fine, but you may face a criminal prosecution as well.”
Taskforces have been made possible by the Government’s £917 million spending review investment to tackle tax evasion, avoidance and fraud from 2011-12, which aims to raise an additional £7 billion each year by 2014-15.
If you or any one you know finds themselves in such an investigation or wishes to bring their tax affairs into order, Wilder Coe Ltd specialise in dealing with such matters and would be happy to meet to discuss how we work with our clients and HMRC in order to bring about a conclusion of the matter.
Please contact our partner Tim Cook on 0207 616 8820 or via email at firstname.lastname@example.org