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

Marvin Love Directs Nigerian-Themed Release for Brazzers

Brazzers has released a new Nigerian-themed release, directed by Marvin Love, titled "A Nigerian Owambe."

Westridge Laboratories Debuts 'ID Wellness Essentials' Line

Westridge Laboratories has launched its ID Wellness Essentials line of pleasure products.

Eldorado Teams With Lovehoney for Next Facebook Live Event

Eldorado and the Lovehoney Group are partnering for the next edition of the “Eldorado Presents” Facebook Live series, on Thursday, Nov. 21 at 11 a.m. (MST).

Penny Barber Stars in Elegant Angel/Adam & Eve Collab 'MILF Dreams Vol 1'

Penny Barber stars in the latest Elegant Angel and Adam & Eve collaborative VOD release, titled “MILF Dreams Vol. 1.”

Blush Erotica Launches VR Channel 'BlushTV'

Blush Erotica has launched the new BlushTV VR channel on its flagship site.

Rachael Cavalli Stars in Latest From MILFY

Rachael Cavalli stars in the latest scene from the Vixen Media Group (VMG) studio imprint MILFY.

Angie Faith Makes Her Deeper Debut

Angie Faith has made her debut for Vixen Media Group (VMG) studio imprint Deeper alongside Milan, in “Conjugal.”

Orion Unveils 8 New Styles From 'Cottelli Accessoires' Line

Orion Wholesale has introduced eight new intimate components from its Cottelli Accessoires line.

Signature Partners With BunnyCMS for Secure Payment Processing

Signature Payments has partnered with adult content management platform BunnyCMS to offer creators secure payment processing.

Hankey's Toys Debuts 'Ethan Simms Lifecast' Dildo

Mr. Hankey's Toys has introduced its new Ethan Simms Lifecast dildo, modeled after the content creator's anatomy.

Show More