New HMRC Campaigns targetting missing returns and trades people

New HMRC Campaigns targetting missing returns and trades people

09 February 2012

HMRC targets people who fail to make tax returns and trades people working in the home improvement market

According to HMRC, their new campaigns in 2012 will focus on:

  • Missing returns: HMRC will initially focus on those who fail to complete tax returns and who are liable to pay tax at the highest rates.
  • Home improvement trades: This will include several 100,000 tradespeople in construction and building work such as roofing, window fitting, bricklaying and joinery.
  • Direct selling: This will target customers who ought to be paying tax on income they earn from buying and selling goods direct to others, or from the commission on these sales.

As with previous campaigns, those in the selected groups, who may not be paying the tax they owe, will be given a chance to put their affairs in order on the best possible terms.

More than £500m has been raised by HMRC from voluntary disclosures and a further £105m from follow-up activity. Previous campaigns have targeted offshore investments, medical professionals, plumbers, VAT defaulters and private tutors.

Should you have any questions on this or require assistance please contact us.

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