As with an earlier blog advising on the Plumbers Safe Tax Plan, HMRC are now focusing on electricians, investigating tax underpayments and allowing electricians time to come forward to HMRC with any tax irregularities. According to HMRC an electrician is anyone who:
- Tests electrical systems, equipment, appliances.
Individuals affected must notify HMRC by 15th May 2012 of their intentions to take part either online, by phone or by post.
Disclosure must then be made and any unpaid tax paid by 14th August 2012.
A ‘penalty calculator’ has been provided by HMRC to allow tax payers to calculate the level of penalty due.