HMRC taskforces raise more than half a billion since 2011

Latest taskforces target at property, partnerships and hidden wealth 

HMRC has announced that its taskforces have recovered more than £500m since they were launched five years ago. This includes nearly £250m raised in 2015/16 alone, almost double the previous year’s yield. 

Taskforces bring together various HMRC compliance and enforcement teams for intensive bursts of activity targeted at specific sectors and locations where HMRC has evidence of high risk of tax evasion and fraud. They are not to be confused with HMRC’s campaigns, which are disclosure opportunities to encourage the non-compliant to come forward. 

Starting in 2011, HMRC has launched more than 140 taskforces targeting sectors that are at the highest risk of tax fraud including the retail sector, the tobacco industry and the adult entertainment industry. Nearly 50 new taskforces were launched in the last financial year, including ones targeted at property, partnerships and hidden wealth. In 2015, a single taskforce focused on income tax led to 45 arrests for tax evasion and fraud.

 

Anonymous