HMRC plans Olympics street tax grab
HMRC says 'street sweep' blitzes of local businesses will be put into operation. It suspects that some small businesses will attempt to cheat it out of tax owed by claiming that some contractors are self-employed when they are not.
"The Olympics is a one off," a HMRC spokesperson told the Telegraph. "It's such a massive event and we want to make sure people don't get caught up in the excitement and fall foul of the tax rules."
ExcitementCertainly there will be some businesses who are cutting corners. But the HMRC has 34 Olympic sites to cover. Rather more demanding than Wimbledon Fortnight.
And there's a lot of cash at stake. It's thought at least 50,000 contracts are involved in the Olympic and Paralympic Games worth up to £6bn.
Foreign labourersWe called the Olympic Delivery Authority for employment stats for the Olympic Park. They claim just 3% of the 4,993-strong (as of June 2011) Olympic contractor workforce are foreign labourers (see below breakdown), with just under 25% coming from the five host local boroughs.
An astonishingly low number given the number of foreign accents heard locally. And these figures will likely be massaged as some will be counted as local residents, even if they are put up in local hostels. And it seems HMRC agrees.
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