Tax warning for Bedford construction industry

Owners of small businesses in Bedford who work in the construction industry are the latest target for HM Revenue and Customs (HMRC).

By The Newsroom
Sunday, 2nd March 2014, 10:23 am
Business news
Business news

Andrew Logan, who runs TaxAssist Accountants in Bedford, said: “Business owners in Bedford who work in the building trade, can expect spot checks and intensive scrutiny of their business records over the next few months.

“HMRC’s latest taskforce is focusing on the construction industry across the East Midlands, as part of a national campaign to recover taxes.

“Provided they have all the right procedures, records and proof of income and expenditure in place, Bedford business owners can protect their legitimate earnings and show the tax inspector the door.”

HMRC has collected more than £130 million as a result of taskforces launched since 2011-12. It expects to bring in over £90 million from taskforces launched in 2014-15.

TaxAssist Accountants in Bedford is a local business operating across the region.