Disclosure opportunityNovember 22, 2011 HMRC has launched a scheme to encourage private teachers to pay tax on any undeclared earnings. Its called: Tax Catch Up Plan for tutors and coaches (TCup). If you want to use this scheme, which carries relatively low penalties for late disclosure, you need to notify HMRC by 6 January 2012, and make a full disclosure and pay of all tax, interest and penalties due by 31 March 2012. You can notify HMRC using the online form on the HMRC website or by telephoning: 0845 601 8817. We can help you with the full disclosure. Click here for more info on TCup CKLG Accountants in Cambridge are here to help |
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