Greek tax inspectors go undercover
17 May 2017
The person sitting next to you on the beach sipping a cocktail may not be who they seem, after the Greek finance ministry announces plans to expand its surveillance of popular tourist spots with undercover inspectors told to "blend in with tourists."
According to The Times, the crackdown, dubbed "Mission Summer Shorts", has provoked some people, with inspectors facing increased hostility from locals, and sometimes even violence.
One team of undercover tax inspectors were reportedly attacked after trying to arrest the owner of a taverna who allegedly failed to give customers receipts.
While we wouldn’t expect physical violence in the UK, this does act a reminder of the need to keep proper and complete business records.
At Beavis Morgan, our specialists to SMEs are available to provide comprehensive business advice and to structure your business for tax. We can also assist with business plans and strategy execution, long and short term forecasts, budgets, sensitivity analysis, and calculating and checking compliance with covenants.