What are your plans for 2013? Business and some pleasure?
Possibly a nice break in the summer and skiing in the winter? HMRC
has clearly stated its plan to focus attention on affluent
taxpayers residing in the UK on a number of fronts including their
offshore assets and investments.
Published alongside the Chancellor's Autumn Statement, a
short and succinct document spelt out HMRC's approach to the
New Year. Entitled Closing in on Tax Evasion, the document
highlighted the following specific plan in relation to the affluent
taxpayer group.
January 2013
Use 2011/12 self assessment returns to identify potential
evasion among affluent taxpayers.
February 2013
Identify more people whose income and wealth does not match what
they have told HMRC, by investigating the first 500 cases
identified under a new approach which has cross checked information
held by credit reference agencies to cases chosen from HMRC
records.
