It’s not just the mega-rich and tax exiles which HMRC is targeting for underpayment of tax.  Many trades and professions are in their sights.  Plumbers, doctors and dentists are amongst those targeted so far.

Now HMRC has turned its sights on private tutors and coaches.  The Tax Catch-Up Plan is aimed at anyone providing private lessons whether it be academic coaching, music lessons, sports training or any similar activities.  Anyone who charges a fee and so receives an income from the provision of private tuition or coaching has until 31 March 2012 to tell HMRC about outstanding tax for the years up to 5 April 2010 and pay what they owe.  Those who declare any untaxed income before the deadline will be subject to lower penalties, and perhaps none at all, compared to those who are detected through HMRC’s own checks once the deadline has passed.

Pemberley Accounting is skilled in assessing individual’s tax position relating to self-employment or secondary incomes and can help minimise any penalties from past under-payment.  If you are concerned about your position then call Katy today on 07810 158812 for your free initial consultation.