HMRC has announced that it intends to offer amnesties to ebay traders, private tutors and fitness instructors to bring their tax affairs up to date.
HMRC has already offered people in the plumbing industry the opportunity to put their affairs in order and announced that it intends to offer an amnesty to certain other tradespeople.
Once the amnesties finish HMRC intends to formally investigate people who are not up to date with their tax affairs or who are not registered for tax and VAT, and seek substantially higher tax gear penalties.
WHY SHOULD PEOPLE COME FORWARD NOW?
The amnesties will allow people the opportunity to sort out their tax affairs in a cost effective and well tested way. The main benefits being:
- the pre-set tax-geared penalty;
- streamlined procedure for settling the tax arrears; and
- reduced professional costs.
HOW CAN GABELLE’S TAX INVESTIGATIONS EXPERTS HELP?
We specialise in representing people with tax problems and have a proven track record of achieving the best possible results for our clients. We understand that making the process as efficient and effective as possible is the key to success. Please call John Hood or your normal contact at Gabelle to see how we can help.