Following on from our previous post, HMRC have announced a further four new taskforces whose remit will be to investigate tax evasion in specific commercial and geographical sectors.

The new taskforces will investigate the following sectors and regions:

• Construction industry in London (expecting to raise £3 million)

• Security guards, bouncers and their employers in London and the South East (expecting to raise £10 million, with fraudulent VAT repayment claims identified as an increased risk in this sector)

• Second-hand motor traders in the Midlands (expecting to raise £3 million)

• Hidden wealth / “means” issues in the Midlands (also expecting to raise £3 million from comparing lifestyles to known assets)