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HMRC’s Second Incomes Campaign

Photoxpress_10909891 calculatorAre you an employee who has a second source of earnings that you have not declared to HMRC? This could be from part-time bar-work, selling for profit at boot fairs, private consulting or tutoring, or doing private building work.

HMRC is giving people an opportunity to come forward and pay tax for past years which should have been accounted for previously. This opportunity is called the Second Incomes Campaign. HMRC says:

“You need to tell HM Revenue and Customs (HMRC) if your additional income hasn’t been taxed through either:

HMRC targets property rentals

We are committed to helping our clients meet properly their tax compliance obligations to HMRC, while at the same time giving advice on the deductions and reliefs available so that no one pays more tax than they should out of ignorance.

We recognise that there are some who have not yet advised HMRC of their potential liability to tax in respect let property and sales of investment property. We are happy to help people to make those steps to join the tax system and to represent them in dealing with HMRC, … Continue Reading