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 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 have been assisting clients with this disclosure process ---- though the scheme is ending on 31st March..
If business-friends wish to contact me on finalising the disclosure process, 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.
