Time running out for electricians to settle their tax bills | This is Derbyshire
Time running out for electricians to settle their tax bills
ELECTRICIANS have less than one week to register to pay any undisclosed tax that they owe under an HM Revenue and Customs campaign.
The Electricians’ Tax Safe Plan is a time-limited opportunity where electricians can pay any money due and receive lower penalties of between 10% and 20%.
Electricians who think they may owe tax are urged to contact HMRC.
Under normal circumstances, penalties of up to 100% of the tax owed can be charged, with the possibility of criminal investigation in the worst cases.
This campaign is aimed at anyone who installs, maintains and tests electrical systems, equipment and appliances.
The deadline for electricians to register is Tuesday.
They then have to make arrangements to pay the tax owed by August 14.
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.”