Details of HMRC's latest tax avoidance campaigns

HMRC has revealed details of its latest tax avoidance campaigns.

There are two campaigns launching before the end of the 2011/12 tax year, including the E Marketplaces campaign, which will focus on those who buy and sell bulk goods direct online as a trade or business but fail to pay the tax owed.

This will run alongside the Electricians' Tax Safe Plan, which began on the 14 February 2012, specifically giving electricians the opportunity to come forward and declare any unpaid tax.

As usual, the authority is giving these workers the option to come forward voluntary and settle any outstanding tax, or risk facing heavier fines when the campaign ends.

Since 2011, HMRC has seriously ramped up its number of tax avoidance campaigns by targeting specific groups including tutors, coaches, plumbers and medic professionals. Its plumbers' campaign in particular has so far claimed £4 million in unpaid tax, whilst its medics' campaign has raised more than £10 million.

In addition, HMRC has also updated its Disclosure of Tax Avoidance Scheme guide which contains information on arrangements relating to the disclosure of income tax, corporation tax, capital gains tax, National Insurance contributions, stamp duty land tax and inheritance tax.

We can advise on the latest tax avoidance campaigns and help with the disclosure of tax avoidance schemes. Please contact us to find out more.