The UK’s first ever Tax Amnesty aimed solely tradesmen netted £328,756 for the taxman.
The Plumber’s Tax Safe Plan gave lower penalties in return for plumbers disclosing any tax irregularities. It closed on 31 May. HM revenue and Customs says that about 600 people had registered. An HMRC spokesman said: “Next week – acting on behalf of honest taxpayers – we will follow up by opening investigations into 500 cases, with thousands more to follow.”
Plumbers and builders worried they may be investigated can still save substantial penalties and avoid prosecution by engaging an experienced professional to assist in making a late disclosure.
How can Lynam Tax Enquiry Experts help me?
If you are undergoing a tax investigation or a compliance check then specialist help from Lynam Tax Enquiry Experts could save your blushes and your business. Plus, our massive experience will almost certainly save you tax and penalties as well.
*For a free, confidential chat about your tax affairs, don’t delay, call Paul Lynam now on 0845 643 9997.