Peterborough Businesses could be punished
Peterborough Accountants Stonehouse have been informed that Small businesses in a number of industries across the UK might be asked and encouraged to seek the assistance of a specialist tax accountancy service following a recent government announcement. HM Revenue & Customs (HMRC) has just announced a new line of punishment for organisations seen to be deliberately evading tax payment.
As part of its new Managing Deliberate Defaulters programme, HMRC will put known evaders under scrutiny for five years.
They have already issued hundreds of letters to companies suspected of non-payment informing them that they might be placed under increased observation and inspection.
David Gauke, exchequer secretary to the Treasury, said: “Managing Deliberate Defaulters will deter people from evading tax in the future and reassure honest taxpayers that tax evaders will be dealt with. This government has made it clear that we will not tolerate people who refuse to pay their fair share and HMRC will pursue those who bend or break the rules.”
Peterborough Accountants are a Specialist Tax Accountancy Service and can offer advice and help every step of the way. Call us on Peterborough 01733 265888