This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet
Warning: Tutors and Coaches have Just a Few Weeks to Pay Any Tax Owed
06/03/2012, by HM Revenue & Customs, Tax News - HMRC Administration, Practice and Methods
2385 views
0
Rate:
Rating: 0/5 from 0 people

Tutors and coaches have less than a month left to tell HM Revenue and Customs (HMRC) about tax that they owe and arrange to pay the tax, interest and any penalties due.

Under the terms of the Tax Catch Up Plan, launched in October 2011, tutors and coaches had until 6 January 2012 to come forward and tell HMRC of any irregularities in their tax affairs. Those who notified their intention to take part now have until 31 March to pay what they owe. People who have not yet notified HMRC that they owe tax, but believe they need to make a disclosure, can do so voluntarily by calling 0845 601 8817. [ Note - whilst we understand that those who disclose 'late' should ordinarily get similar terms to those who disclosed by the deadline, this cannot be guaranteed - Ed ]

Marian Wilson, head of HMRC Campaigns, said:

“It is always better to come to us rather than wait for HMRC to come to you. People who tell us about the tax they owe using this opportunity will pay a lower penalty than if we find them later.

Those who owe tax and have not come forward should do so now. We have started analysing the information we hold and will begin the process of contacting them from April. They may not receive the same terms as those who notified us by 6 January, but terms will still be better than when we catch up with them.”

HMRC has gathered information and intelligence for the campaign and from April 2012 will use this to identify tutors and coaches who should have come forward under the plan, but chose not to. Those HMRC catches up with will face the possibility of substantially higher penalties - up to 100 per cent of the tax owed - and even criminal investigation.

To make arrangements to disclose and pay, go online at How to Tell HMRC about Your Tuition and Coaching Income or ring HMRC on 0845 601 8817.

About The Author

HM Revenue & Customs is the UK's primary taxing authority, responsible for the administration (and collection) of direct and indirect taxes and duties, and certain benefits.

For further information please visit the HMRC Website and in particular the About Us section.

Back to Tax News
Comments

Please register or log in to add comments.

There are not comments added