TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Something smells rank

A few weeks back HMRC knocked the doors of 8 business premises across Northern Ireland as part of a new taskforce to check that taxi operators and drivers have paid the tax they owe. Officers visited premises in counties Antrim, Down and Fermanagh and uplifted business records for examination. A similar taskforce paid visits to 36 premises across Scotland.

HMRC taskforces target specific high-risk sectors where there is a risk that some are not paying the tax they owe. Since Taskforces began in May 2011, over 100 taskforces have been launched, bringing in over £400m.

Taskforces bring together various HMRC compliance and enforcement teams for intensive bursts of activity targeted at specific sectors and locations where HMRC suspect a high risk of tax evasion and fraud. The teams visit traders to examine their records and carry out other investigations.