HMRC 'Tradespeople' Clampdown

Plumbers, gas fitters and heating engineers are the latest targets of HMRC, as part of a wider clampdown into 'tradespeople'.

The Plumbers’ Tax Safe Plan (PTSP) is the first initiative in a campaign focused on such trades. HMRC has obtained information from Gas Safe and Corgi registers and compared it to advertising directories and Health & Safety prosecutions to build up a database to help it identify people who, it believes, are under-declaring their income.

Under the terms of the PTSP, initial notifications of an intention to make a disclosure need to be made by 31 May 2011. The full disclosure then has to be made by 31 August 2011. Such disclosures will qualify for a lower penalty rate, up to a maximum of 20%.

After 31 August 2011, HMRC has stated its intention to launch enquiries into those it believes should have made a disclosure and have failed to do so.

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