Get Your Taxation Affairs In Order Undeclared Income

Get Your Taxation Affairs In Order Undeclared Income

HMRC are currently running a number of campaigns to encourage taxpayers who have undeclared income to come forward and bring their tax affairs up to date in return for lower penalties.

HMRC campaigns

HMRC are currently running a number of campaigns to encourage taxpayers who have undeclared income to come forward and bring their tax affairs up to date in return for lower penalties. In particular, campaigns are available in respect of let property, second incomes and credit card sales. If you have income from any of these sources which you need to tell HMRC about, please talk to your adviser as to how you can get the best possible deal under the available campaigns.

Other undeclared income

If you have undeclared income and gains from a source not currently covered by an HMRC campaign, speak to your adviser about making a disclosure. HMRC deal more favourably with people who come to them than with those who wait to be found out.

These articles deal with a number of topics which, it is hoped, will be of general interest to you. However, in the space available it is impossible to mention all the points which may be relevant in individual cases, so please contact us for personal advice on your own affairs.

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