Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Taxman targets tax-dodging fast food restaurants

13 July 2011 by
Taxman targets tax-dodging fast food restaurants

Tax-dodging fast food restaurants in London can expect a visit from the taxman.

That was the message from Her Majesty's Revenue and Customs (HMRC), which has set up a new taskforce to tackle the issue.

HMRC said it had identified a problem with some fast food outlets deliberately falsifying their records and mis-declaring their true sales levels in order to avoid paying the correct taxes.

Mike Wells, HMRC's director of risk and intelligence, said: "This taskforce will come down hard on fast food outlets that have chosen to break the rules and evade the taxes they should be paying. Honest businesses have absolutely nothing to worry about.

"This taskforce comes hard on the heels of one launched last month targeting the restaurant sector in London. If you deliberately seek to evade tax HMRC can and will track you down, and you'll face not only a heavy fine, but possibly a criminal prosecution as well."

This is the fourth taskforce launched by HMRC since May 2011. HMRC is planning a further nine taskforces in 2011/12, with more to follow in 2012/13. The taskforces come as a result of the Government's £900m spending review investment to tackle tax evasion, avoidance and fraud from 2011/12, which aims to raise an additional £7bn each year by 2014/15.

HMRC urged businesses who are aware of someone evading their taxes to call the Tax Evasion Hotline on 0800 788 887, or contact them via email, or by post.

HMRC cracks down on tax-evading gangmasters >>

Be ready for when the taxman cometh >>

Thousands of hotels could benefit from VAT refunds >>

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking