U.K.’s Tax Authority Creates Task Force Targeting Adult Entertainment

U.K.’s Tax Authority Creates Task Force Targeting Adult Entertainment

LONDON — The U.K.'s tax and customs authority on Friday announced that it has set up its first task force targeting the adult entertainment sector.

The HM Revenue and Customs (HMRC) said it was targeting strippers, online escorts and adult club owners, among others, in a move to find unreported revenue.

Specifically the HMRC cited a big increase in online escort agencies, which it says has helped create an industry worth £5 billion in the U.K.

Jim Stevenson, head of HMRC task forces, in a statement said that, “large numbers of people working in the [adult entertainment] industry are paying the tax they owe and they don’t have anything to worry about. The people being targeted by this task force have no intention of playing by the rules, and we won’t tolerate this.”

“No industry is safe where tax evasion is concerned — we won’t stop tracking people down and taking back what they owe,” Stevens stated.

Since 2011, the HMRC has set up more than 140 various task forces that have collected more than £404 million.

The HMRC said that the adult industry task force is expected to bring in £2.5 million. The new group will be tasked to follow up leads from new sources of data being collected and analyzed by the HMRC.

The HMRC recently obtained access to credit and debit card payments made to all U.K. businesses, helping it track down hidden-economy commerce, including the marketing of adult entertainment services over the Internet, according to the Financial Times.  

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Ashley Manta Appointed Sexual Wellness Curator at Bspoke

2020 XBIZ Sexpert of the Year Ashley Manta has been appointed a curator of sexual wellness brands and events at Bspoke.

Aylo Asks Judge to Trim Sweeping GDP-Related Lawsuit

Aylo asked a California federal judge during a hearing on Monday to drop trafficking claims in a sweeping lawsuit brought by a former GirlsDoPorn model.

Orion Unveils 2 New Ergonomic Dual Vibrators

Orion Wholesale has introduced two new ergonomic dual vibrators from its Sweet Smile line.

California Republicans, Democrats Team Up to Advance Age Verification for Porn

Both Republicans and Democrats in the California Assembly’s Privacy and Consumer Protection Committee voted last week to move forward a version of the age verification bills being sponsored around the country by anti-porn religious conservative activists.

Hazel Grace Debuts New Membership Site InMelanin

Hazel Grace has launched her new membership site, InMelanin.

XR Brands Releases 'Pup Teddy Bear' BDSM Plush

XR Brands has expanded its Master Series collection of BDSM-themed teddy bears with the Pup Teddy Bear Plush.

Cosplayground Releases 'Furiosa XXX: A Porn Parody'

Cosplayground has released its seventh original production, “Furiosa XXX: A Porn Parody.”

Vixen Media Group Debuts 2nd Season of 'Hotel Vixen'

Vixen Media Group (VMG) has launched the second season of its Greece-set series "Hotel Vixen."

Ada Lapiedra Toplines Private's 'Hot Girls in Hot Cars'

Ada Lapiedra headlines "Hot Girls in Hot Cars," the latest release from Private.

Anna de Ville Headlines Proxy Paige's 'Gape Expectations'

Anna de Ville headlines director Proxy Paige's "Gape Expectations," from Evil Angel.

Show More