AN ADVERTISING CAMPAIGN designed to encourage voluntary tax settlements has been launched by HM Revenue & Customs.
Posters showing a huge pair of eyes peering through a ripped envelope will be rolled out nationwide in an attempt to warn tax cheats to declare all their income before they are investigated by the taxman.
They bear the strapline: “If you’ve declared all your income you have nothing to fear.”
The department has set up a website – www.gov.uk/sortmytax – to help support those who want to pay the correct tax.
HMRC director-general for enforcement and compliance Jennie Granger said: “Our message to the small percentage who don’t [pay the correct tax] is a simple one: The net is closing in. We will detect you if you haven’t put a job through the books, if you haven’t declared investment income, if you’ve hidden assets offshore or if you haven’t even registered for VAT.”
HMRC has outlined a change in VAT policy to the treatment of dwellings that have been formed from either the construction of new buildings, or from the conversion of non-residential buildings
Let us hope that valuable asset protection vehicles are not made prohibitively burdensome or abolished in the desire to “simplify” IHT
The government is pressing ahead with changes to the way it taxes individuals with a foreign domicile
I will feel slightly awkward when I write to the client who is about to receive a large invoice from the PAYE expert, offering him the fee protection going forward