HMRC has just launched its Electricians’ Tax Safe Plan, to encourage electricians to declare any income they have kept quiet about so far.The special deal involves lower penalties than are normally charged on previously undeclared income and represents a convenient way of coming clean and getting the tax position in order. Notification for taking part has to be made by May 15, 2012 and the tax arrears have to be paid by August 14, 2012.
Similar campaigns will start soon and we are ready to help anybody within the following categories:
• Not completed tax returns but are liable to tax at the 40 per cent or 50 per cent rates.
• Those in the construction and building work industry who are not paying the correct amount of tax. This includes roofers, window fitters, bricklayers, carpenters and joiners.
• Direct selling from buying and selling goods direct to others, or receiving commission on such sales.
• Those using e-marketplaces to buy and sell goods as a trade or business (the odd deal should not be a problem).
If you know of any electricians in that category, please point them towards us and we will get the best tax deal for them under this plan.