Private security industry is next target for HMRC taskforce

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Security guards, bouncers and their employers are being targeted as part of the next wave of taskforces launched by HMRC, reports Harris & Co chartered accountants.
HMRC expect their taskforce, which will focus on workers in London and the South East, to recover £10 million after seeing an increased risk of fraudulent VAT repayment claims being submitted by the private security industry.
Other taskforces being launched will target the construction industry in London, hidden wealth in the Midlands – including people with offshore accounts and those living lifestyles beyond their obvious means through assets from undeclared income, and the hidden economy in the second-hand motor trade in the Midlands. HMRC expect to recover £3 million or more in each of these targeted areas.

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