The taskforce will put the spotlight on people using the Self Assessment system fraudulently to claim back money they are not entitled to. It is expected to recover £6 million and prevent future fraudulent repayments being claimed.
Taskforces are specialist teams that undertake intensive bursts of activity in specific high risk trade sectors and locations in the UK. The teams may visit traders to examine their records and carry out other investigations.
Taskforces are a result of 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.
There are currently 35 target specific taskforces in the UK covering a variety of trades, professions and locations. As well as the self assessment team, the latest to join this compliance activity are tax evasion in Northern Ireland, the jewellery trade in the Midlands and fast food outlets in East Anglia
If you wish to comment on this article, please log in and use the Reply button below. Registering is free and easy - see 'Join Shout99'.
Susie Hughes © Shout99 2013