Further taskforces are also being launched targeting hidden wealth in the South East and South and VAT repayments in South West England.

The VAT taskforce is in response to HMRC having reportedly seen an increased risk of fraudulent VAT repayment claims in the South West, in particular businesses being set up purely to make false claims.  Individuals and businesses in Bristol, Cornwall, Devon, Gloucester, Somerset and West Wiltshire will be targeted, with the taskforce expected to bring in £3.8 million.

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