The Tax Catch Up Plan for tutors and coaches is a time limited opportunity for you to inform HMRC between now and Saturday 31 March 2012, regarding any unreported income you have received and to pay what you owe.
By making a disclosure under the Tax Catch Up Plan, you will benefit from the best possible terms. Tell HMRC now about your income from tuition and coaching.
You will need to tell HMRC by Friday 6 January 2012 that you intend to make a disclosure.
If you are paid for providing coaching, instruction or tuition and tax is not deducted; and you do not include that income on a tax return or have an adjustment already in your tax code, then you need to use this plan to inform HMRC about that income immediately. Also, if you owe tax in respect of anything else such as capital gains or rental income you can use the Tax Catch Up Plan to inform
HMRC about that as well.
What happens if you do not tell HMRC?
HMRC is using legal powers to obtain information about payments made to tutors and coaches from various sources, including the academic, sport, leisure and other sectors.
After Friday 6 January 2012, when the deadline to notify has passed, HMRC will use data from an extensive range of sources to identify those who have failed to come forward and notify their intent to make a full declaration. HMRC uses advanced IT tools including web robot software which helps identify people who have failed to pay the correct tax. Those identified face significant penalties or even criminal prosecution.
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