Starting a new business? Get 40% off our accountancy services for 3 months! 😀

x

HM Revenue & Customs are increasing their campaign to stop tax evasion, avoidance and fraud, with scrap dealers in Scotland being their next target. Previous campaigns have concentrated on restaurants, plumbers, doctors, dentists and more recently, owners of overseas properties.

HMRC will concentrate on scrap dealers in Scotland, who make false expenses claims or don’t declare all their income, known as moonlighting. Builders in the North West of England will also be targeted by the taxman, to ensure all taxes due are paid. The Exchequer Secretary for the Treasury, David Gaulke issued a stark warning to anyone who doesn’t comply with tax legislation. He said:

“This taskforce will come down hard on scrap metal dealers and their customers or suppliers who have chosen to break the rules or deliberately evade the tax they should be paying. This is just the start.”

Builders who are situated in North Wales and the North West of England will be subject to the same scrutiny, which could lead to investigation by HMRC. Landlords will face intense scrutiny if they have more than three properties, to ensure all income is declared. Specified sectors are being concentrated on for short intervals, increasing pressure on taxpayers to declare all income and pay all taxes due. The latest measures are part of a tax campaign to tackle fraud, tax avoidance and tax evasion. Following investment from the government, HMRC aim to collect £7 billion every year by 2015, narrowing the tax gap.

About The Author

Gary Fields

Content Writer working alongside our expert accountants to bring you the latest Tax and Accounting news.

More posts by this author
guest
0 Comments
Inline Feedbacks
View all comments

Read more posts...

June 2022 Client of the Month: Manea Kella

This month we spoke to Adrian Manea, architect and director at Manea Kella, a London based RIBA Chartered architecture and interior design…

Read More

Succession Planning for Business Owners: What Comes Next?

When you own a business, it’s extremely normal to feel like you’re surviving one day to the next – ‘winging it’, as…

Read More

The Accountancy Partnership – Our Positive Reviews

Here at The Accountancy Partnership, we’re proud of our customer reviews The reviews we receive from our customers show how hard we…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?

Yes
No

Call us on 020 3355 4047 if you’re not sure.