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SBCA Chartered Accountants

Chartered Accountants in Preston

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Tax dodgers beware

2nd July 2012 by Chris Bond

At the end of May 2012 HMRC announced that six new taskforces had been created to target tax evasion in a number of specific locations:

• Indoor and outdoor markets in London
• Taxi firms in Yorkshire and East Midlands
• Property rentals in East Anglia, London, Yorkshire and the North East
• Restaurants in the Midlands

These specialist teams are trained to undertake intensive bursts of activity and are expected to recover more than £23m in unpaid tax.

The teams will visit traders to examine their records and carry out other investigations.

Readers whose businesses fall within these new remits may be advised to take a hard look at their record keeping ensuring that all business transactions have been correctly recorded; much better to be prepared. Do not wait for the brown envelope to drop on your doormat…

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This firm is not authorised under the Financial Services and Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services to clients because we are members of the Institute of Chartered Accountants in England and Wales. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.

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