You are here: Home
Legal / Law
Other
HMRC to extend its tax campaigns
HMRC to extend its tax campaigns
HM Revenue and Customs (HMRC) has announced that it intends to target more groups of workers in its efforts to recoup unpaid taxes.
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 22, 2011 --
HM Revenue and Customs (HMRC) has announced that it intends to target more groups of
workers in its efforts to recoup unpaid taxes.
Last month, HMRC launched a campaign aimed at businesses that might be trading above
the VAT threshold of £73,000 but have yet to register with the tax authorities.
Now HMRC will be looking at e-marketplaces and private tuition providers in an
effort to tighten up the tax-take.
The campaigns should be rolled out in 2011/12.
As part of the new campaigns, those who provide private tuition and coaching will
come under the spotlight. The aim is to look at professionals who are able to earn
money from providing tuition and coaching, either as a main or a secondary income.
It will cover people providing private lessons and could include, for example,
fitness/dance/lifestyle coaches through to national curriculum subject tutors and
others.
Another target for HMRC will be those who use e-marketplaces to buy and sell goods
as a trade or business and who fail to pay the tax owed. People who only sell a few
items and who are not traders are unlikely to be liable to tax and will be excluded
from the investigation.
Following on from the recent offer of a partial amnesty to businesses working in the
plumbing industries, HMRC also said that it would be inviting other groups of
tradespeople to come forward and declare unpaid tax.
Mike Wells, HMRC's director of risk and intelligence, said: "We want to make sure
HMRC listens to as many informed views as possible for our future campaigns. We want
the views and experience of people and organisations outside the department to play
a fuller part in the campaigns that we design for customers.
"By being open about our areas of interest for the coming year we hope to maximise
that exchange of information and ensure we reduce the tax gap and help customers pay
what they owe.
"We will use the information we gather to pursue people who choose not to use the
opportunities we provide for them to put their affairs in order on the best possible
terms. It will be more expensive if we come and find people, so I urge them to come
forward and disclose voluntarily."
So far, more than £500 million has been raised by HMRC from voluntary disclosures
and a further £100 million from follow-up activity.
http://www.griffinandking.co.uk/

Where: Prague,

Where: Modena,Italy

Where: Bologna,Italy
Post your news to the World.See you news here immediately. It's easy and free!
Create free account or Login.



