Monopoly board pay income tax

Isle of Wight’s restaurants targeted in tax cheat crackdown

Expected to recover more than £2.5 million, the taskforce will target those who do not pay the right amount of tax in restaurants in the South East and Solent.

“We will not tolerate tax evasion”
Taskforces are specialist teams that undertake intensive bursts of activity in specific high risk trade sectors and locations in the UK. The teams will visit traders to examine their records and carry out other investigations.

David Gauke, the Exchequer Secretary, said: “We have made it clear that we will not tolerate tax evasion and we are determined to crack down on the minority who choose to break the rules. Everyone needs to pay the taxes they owe in full. It is not fair that at a time when most hard-working people are paying the right tax, others are trying to get out of paying what they should.”

Be warned that HMRC is coming after you
HMRC’s Mike Eland, Director General Enforcement and Compliance, said: “This taskforces bring together specialists from across HMRC to find people who are not paying what they should. If you have paid all your taxes you have nothing to worry about. But for those deliberately evading tax, be warned that HMRC is coming after you.

“This is not an empty threat – HMRC can and will track you down if you choose to break the rules. We are on target to collect more than £50 million as a result of taskforces launched in 2011/12.”

HMRC has launched 30 taskforces since May 2011.

Tackling tax evasion, avoidance and fraud
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.

If you are aware of someone who is evading their taxes you can tell HMRC via the Tax Evasion Hotline by phone, on 0800 788 887, email or by post. Full details can be found at www.hmrc.gov.uk

Image: Tax Brackets under CC BY 2.0