A taskforce tackling tax dodgers in the construction industry has launched in the Midlands this week, by HM Revenue and Customs.
HMRC said it has seen an increased risk in fraudulent activity in the construction industry and expects to recover more than £3m owed.
Taskforces were also opened this week to target restaurants and hidden wealth in London, East Anglia and Wales.
HMRC has collected more than £130m as a result of taskforces launched between 2011 and 2012. It expects to bring in more than £90m from taskforces launched between 2014 and 2015.
Exchequer secretary to the treasury David Gauke, said: “The people being targeted by this taskforce have no intention of playing by the rules. This government has made it clear that we will not tolerate tax evasion and we have provided HMRC with the resources to crack down on those who break the law.”
HMRC director general of enforcement and compliance, Jennie Grange added:“HMRC taskforces are deployed in sectors and areas where we’ve detected a high risk of tax evasion. If you haven’t declared all your income we will find you and investigate. Not only could you face a heavy fine, but a criminal prosecution as well.”