Press release -
Tax crackdown on hidden wealth in South East and South
Tax cheats in the South East and South who hide their wealth are being targeted as part of an HM Revenue and Customs (HMRC) taskforce.
The taskforce – targeted at individuals and businesses in South Buckinghamshire, Berkshire, Dorset, Hampshire, Isle of Wight, Kent, Surrey, Sussex and Wiltshire – aims to tackle people with offshore accounts and those living lifestyles beyond their obvious means through assets from undeclared income. This will recover £2.8 million.
Taskforces are specialist teams that undertake intensive bursts of activity in specific high-risk trade sectors and locations in the UK. The teams visit traders to examine their records and carry out other investigations.
David Gauke, Exchequer Secretary to the Treasury, said:
“We are determined to support hardworking people who want to get on, but the people being targeted by these taskforces have no intention of playing by the rules.
“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 has collected more than £100 million as a result of taskforces launched since 2011-12. It expects to bring in over £90 million a year from taskforces launched over the next three years.
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.”
Other taskforces being launched today to tackle tax evasion will target:
- road transport industry in the South East and South
- VAT repayments in South Wales, North East and South West England
If you know anyone who is evading their taxes, you can tell HMRC by calling the Tax Evasion Hotline on 0800 788 887.
Notes for editors
1. Taskforces bring together various HMRC compliance and enforcement teams for intensive bursts of activity targeted at specific sectors and locations where there is evidence of high risk of tax evasion and fraud.
2. HMRC has launched 54 taskforces since 2011. A further 16 are planned for 2013-14 and up to 30 for 2014-15.
3. 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.
4. HMRC’s evasion publicity campaign works alongside existing compliance activity such as Taskforces, data collection and enforcement to raise awareness among those breaking the rules that HMRC is closing in on undeclared income. More information can be found at www.gov.uk/sortmytax
5. Follow HMRC on Twitter @HMRCgovuk
6. HMRC’s Flickr channel www.flickr.com/hmrcgovuk
Issued by HM Revenue & Customs Press Office
HM Revenue & Customs (HMRC) is the UK’s tax authority.
HMRC is responsible for making sure that the money is available to fund the UK’s public services and for helping families and individuals with targeted financial support.