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HMRC focuses on horsebox owners

It appears that HMRC suspect some rural business owners of buying horseboxes through their company, either falsely claiming the cost as a business expense for tax purposes, or failing to declare personal use of the horsebox and paying tax on it as a “benefit in kind”.

Horseboxes can be expensive (the one used by Zara Phillips at the 2012 Olympics was apparently valued at around £500,000!)

HMRC officials can identify connections and discrepancies between official tax records and information from third party sources.  Press reports indicate that HMRC uses DVLA databases, and Google Streetview, to monitor the lifestyle of suspected tax evaders.

 

 

Date: 23rd January, 2015
Author: Cathy Corns

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