04 May 2012

Electricians Have One Week To Reveal Any Tax Owed

Electricians have just one week to register to pay any undisclosed tax that they owe under an HM Revenue & Customs (HMRC) campaign.

The Electricians Tax Safe Plan is a time-limited opportunity where electricians can pay any tax and interest they owe, while benefiting from lower penalties of only 10 per cent, with a maximum of 20 per cent. Normally, penalties of up to 100 per cent of the tax owed can be charged, with possibility of criminal investigation in the worst cases.

The campaign is aimed at anyone who installs, maintains and tests electrical systems, equipment and appliances – and covers any tax owed, for whatever reason.

The deadline for electricians to register is 15 May 2012. They then have to make arrangements to pay the tax owed by 14 August 2012.

Marian Wilson, head of HMRC Campaigns, said: "Electricians who think they owe tax should get in touch and get their tax affairs in order, easily, and on the best terms.

"We are gathering information from a wide range of sources, including online advertising, industry bodies, trade directories, professional ‘electrical safety’ certificates, trade suppliers and tax records. Our sophisticated software allows us to use this information to find people who should come forward and use the Electricians Tax Safe Plan."

(CD)