New HMRC taskforces
The taxman has formed three new taskforce teams to target specific industry sectors for tax enquiries in these regions:
- road transport in the South East and South of England.
- undeclared wealth in the South and South East.
- fraudulent VAT claims in the North East.
If you are selected for an enquiry, the tax inspector will normally make an appointment to inspect your business records. If he does, call us immediately. We may be able to persuade him that you have fully declared all your income-producing assets, and all your VAT liabilities are paid. If that doesn’t work, we should attend the meeting with the inspector. They may turn up with preconceived ideas about what they will find, and set their agenda to look for it. There’s a risk that an unrepresented taxpayer, trying to be honest and helpful, may give answers which lead to a deeper enquiry than is appropriate. Having your professional representatives on hand can mitigate that risk – we will be able to advise you on what the questions mean, and when it’s wise to think carefully before answering.