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WE KEEP YOUR FINANCES
RUNNING SMOOTHLY, LEAVING YOU
TO FOCUS ON RUNNING YOUR BUSINESS.

WE KEEP YOUR FINANCES
RUNNING SMOOTHLY, LEAVING YOU
TO FOCUS ON YOUR BUSINESS ADVENTURE.

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Taxman on the Hunt Again

Newsletter issue - October 2012.

The Taxman has run a number of campaigns designed to encourage certain classes of taxpayer to declare their untaxed income. In the past we have seen campaigns aimed at medics, plumbers, tutors, electricians and e-traders.

A new campaign started on 26 September 2012, this time targeting direct sellers. These are people who sell products on a commission basis in customers' homes. These sellers often earn very little from their efforts, but they still need to declare those small amounts of income to the Tax Office. The campaign will primarily focus on helping the door-to-door sellers understand their obligations to register for tax and to file tax returns.

Following swiftly on will be a campaign targeting builders and tradesmen who provide home maintenance, repair or home improvement services.

These tradesmen may not be registered with HMRC under the construction industry scheme (CIS) if they only work for householders. If you are such a builder or trades-person, now would be a good time to talk to us about any tax related worries you have.

The Taxman has also formed some new taskforce teams to door-step particular businesses in defined areas. The latest list of potential 'tax cheats' now includes: grocers & retail traders, restaurants, motor-traders, hairdressers & beauticians, and London-based lawyers! If your business is on that list, please talk to us ASAP.

 

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