HMRC will begin writing to more than 50,000 electricians this month, warning them to pay any undisclosed taxes.
HMRC will begin writing to more than 50,000 electricians this month, warning them to pay any undisclosed taxes.
A ‘special, time-limited tax opportunity’ will enable electricians to pay outstanding tax and ‘lower penalties’. Normally, up to 100% of the tax owed can be charged on those who ‘fall outside of such opportunities’, HMRC said.
‘The Electricians Tax Safe Plan is aimed at anyone who installs, maintains and tests electrical systems, equipment and appliances – and covers any tax owed, for whatever reason.’
Electricians have until 15 May to tell HMRC that they want to take part. ‘Once they come forward, they have until 14 August to make their disclosure and arrange for payment. If they make a full disclosure, most face a penalty rate of only 10%, with a maximum of 20%.’
HMRC will investigate those who have failed to come forward by 15 May and ‘substantial penalties or even criminal prosecution could follow’. Guidance is provided on the HMRC website.
The department also plans to target, before the end of current the tax year, people using e-marketplaces to buy and sell goods as a trade or business. Three further campaigns to be launched in the next year will focus on missing tax returns, home improvement trades and direct selling.
HMRC will begin writing to more than 50,000 electricians this month, warning them to pay any undisclosed taxes.
HMRC will begin writing to more than 50,000 electricians this month, warning them to pay any undisclosed taxes.
A ‘special, time-limited tax opportunity’ will enable electricians to pay outstanding tax and ‘lower penalties’. Normally, up to 100% of the tax owed can be charged on those who ‘fall outside of such opportunities’, HMRC said.
‘The Electricians Tax Safe Plan is aimed at anyone who installs, maintains and tests electrical systems, equipment and appliances – and covers any tax owed, for whatever reason.’
Electricians have until 15 May to tell HMRC that they want to take part. ‘Once they come forward, they have until 14 August to make their disclosure and arrange for payment. If they make a full disclosure, most face a penalty rate of only 10%, with a maximum of 20%.’
HMRC will investigate those who have failed to come forward by 15 May and ‘substantial penalties or even criminal prosecution could follow’. Guidance is provided on the HMRC website.
The department also plans to target, before the end of current the tax year, people using e-marketplaces to buy and sell goods as a trade or business. Three further campaigns to be launched in the next year will focus on missing tax returns, home improvement trades and direct selling.
