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Mar
01st

PLUMBERS BEWARE By: Clare

Plumbers have the opportunity to declare unpaid taxes for the past five years in return for lower penalties, 10% for careless errors and 20% for deliberate defaulters.

Based on evidence from HM Revenue & Customs inspectors that a minority of people in the profession are not fully disclosing their earnings they are targeting plumbers for investigation using data from Gas Safe and Corgi registers, industry bodies and advertising directories.

Plumbers have until 31 May to notify HMRC of undisclosed earnings, anyone caught after this date will definitely face greater penalties and risk prosecution.

For advice and assistance please call Haxton Chartered Accounts, West London.

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