The Tax Office had launched a `Tax Catch Up Plan' for Tutors & Coaches to disclose past years' undisclosed & untaxed Income & Gains. Tutors & Coaches may work in education, sport & leisure or music.
The deadline to register with the Tax Office, notifying your intention to disclose past receipts is 6th January this week.
The Tax Office website details are here : http://www.hmrc.gov.uk/ris/tcup/introduction.htm
The incentive to make a disclosure is the offered reduction in penalties by the Tax Office.
In essence, this is a voluntary disclosure opportunity, followed by Tax Office proposed enquiries towards those who have chosen not to disclose past untaxed earnings. The HMRC compliance strategy teams have collected information from the internet on those offering tutoring & coaching & music lessons etc. Also, my tutor-friends tell me that the Tax Office has written to schools/colleges requesting details of tutors, coaches, music-instructors/performers.
I am assisting clients with this disclosure process ---- to meet the 6th January notification-deadline. If business-friends wish to contact me, I would help of course.
Sending best regards, Kx -- Superhero Accountant
Twitter : http://twitter.com/#!/AccyKeef
or message me on 07952 297971
Superhero Accountant based in Brighton & Hove --saving the UK economy from his office-desk -- while also socialising, mischief-making & failing to act-his-age.
