HMRC Campaign For Direct Sellers To Declare Income

HMRC Campaign For Direct Sellers To Declare Income

January 28th 2013 1:56 pm

general

Up until 28 February 2013, direct sellers are being given an opportunity to declare any undisclosed income and thereby bring ...

493 views

Up until 28 February 2013, direct sellers are being given an opportunity to declare any undisclosed income and thereby bring their tax affairs up to date. Letters are being sent out today to notify people of the Direct Selling Campaign. Direct sellers are generally self-employed and include trade directly to customers which may be commission based - such as door to door sales, or third party agents. If a full disclosure can be made before February 28th, including the payment of any unpaid tax, fees and penalties - Direct sellers can avoid being contacted directly by HMRC after the deadline, with possibility of further action. At the moment any penalty is limited to 10 per cent of unpaid tax due, but if contacted by HMRC after the deadline this figure will no longer be capped to 10 per cent, and if required a criminal investigation may be started. If you need further information, HMRC are holding a Q&A session via their twitter account on February 7th. It is available at http://www.twitter.com/HMRCgovuk. You can also contact HMRC direct on 0845 602 3353 or visit http://www.hmrc.gov.uk/campaigns/news.htm for more information.    

be smart. find an accountant online now. it's easy!

what type of accounting work do you need help with? choose below.

Disclaimer

We are a lead generation facility for accountants located across the UK. We provide our visitors with the ability to search for accountants directly or provide details of the work they require and seek out accountants looking for clients with similar circumstances. Users of this website are assured that their personal details are not distributed to more than one accountant and that accountant is then allowed to contact the user to discuss the service the accountant can provide. All data transmission on this website and administration facility is carried out under full 256-bit SSL encryption.

Data Protection Registration Number ZA200013

Please read our full disclaimer.