HMRC has announced that it is going to target higher rate taxpayers and traders in a series of new campaigns.

These will focus on: 

  • Missing returns. This will contribute to wider HMRC activity tackling failure to complete tax returns. It will initially focus on those who fail to complete tax returns and who are liable to pay tax at the highest rates.
  • Home improvement trades. This will build on campaigns aimed at plumbers and electricians, and will include several 100,000 tradespeople in construction and building work such as roofing, window fitting, bricklaying, carpentry and joinery.
     
  • Direct selling. This will target customers who ought to be paying tax on income they earn from buying and selling goods direct to others, or from the commission on these sales.

Marian Wilson, of HMRC’s Risk and Intelligence, said: 

“Most people pay their taxes in full and on time, so it is right that HMRC works hard to secure payment from those who have not come forward.   

“Using new technology, we have been able to analyse returns to HMRC covering a range of taxes and to cross-reference these with other information to build a picture of where we believe we have taxpayers with missing returns. 

“We are offering all the people targeted the opportunity to come forward.  Penalties will be higher if we come and find people after the opportunity. A criminal investigation may also result. I therefore urge them to disclose unpaid tax voluntarily.”


 

If you need investigation support, assistance in negotiating settlements or a second opinion on penalties, contact  the Virtual Tax Partner support service

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