A quick reminder that the deadline for notifying HM Revenue & Customs that you intend to make a disclosure under the Plumbers' Tax Safe Plan, expires on 31 May 2011.

The disclosure itself must also follow by 31 August 2011.

This 'Plan' offers reduced penalty rates - typically just 10% although they can be higher - for those who make a disclosure of previously unreported income in earlier tax years.

It should be noted that you do not have to be a plumber in order to use the Plumbers' Tax Safe Plan - it is open to almost all taxpayers - even restaurateurs...

HMRC has made it clear that it has obtained details about plumbers, gas fitters and heating engineers that it believes will enable it to identify those who haven't made use of the Plumbers' Tax Safe Plan, but should, and is warning that it will follow up these leads once the Plan has closed.

Article Added Thursday, 26 May 2011 | 814 Hits

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