Second Incomes Campaign
17 April 2014
The Second Incomes Campaign gives you the chance to bring your tax affairs up to date if you are employed and have additional income that is not currently taxed.
You can take this opportunity if:
- You are an employee
- You are resident in theUK
- You have additional income from working for yourself
A second income could come from:
- consultancy fees, eg for providing training
- organising parties and events
- providing services like taxi driving, hairdressing or fitness training
- making and selling craft items
- buying and selling goods, eg at market stalls or car boot sales
Get the best terms
You need to tell HM Revenue and Customs (HMRC) if your additional income has not been taxed through either:
- your main job
- another Pay As You Earn (PAYE) scheme
- Self Assessment
This is called a ‘voluntary disclosure’. To get the best possible terms you need to tell HMRC that you want to take part in the campaign.
You will have 4 months to calculate and pay what you owe.
How to tell HMRC about additional income
We can assist you with this but, basically, you must:
- Fill in a notification form.
- Fill in a disclosure form to disclose and pay what you owe within 4 months of receiving HMRC’s acknowledgement of your notification.
You can use the calculator to help you work out what you owe. You should only use this calculator if both of the following apply:
- your tax affairs are straightforward
- you’re entitled to only basic personal allowances
There’s a different calculator if you need to tell HMRC about more than 5 years of unpaid tax.
If you need more time to pay, call the helpline before your 4-month deadline.
If you do not make a voluntary disclosure and HMRC finds out later that you owe tax, you could get higher penalties or face criminal prosecution.
Help and advice
If you need more help you can contact us or you can call the Second Incomes Campaign Helpline directly.
Second Incomes Campaign Helpline
Telephone: 0300 123 0945
From outside the UK: +44 300 123 0945
Monday to Friday, 9am to 5pm