HMRC is giving a time-limited opportunity aimed at anyone who installs, maintains and tests electrical systems, equipment and appliances, allowing them to pay tax owed with reduced penalties.
Interested parties must Notify HMRC of their intention to take part in the campaign by 15 May 2012. Once you have done this, affected parties must make their disclosure and pay what they owe by 14 August 2012.
Those who take part in this campaign and tell HMRC about any income that they haven't previously disclosed:
•they may only have to pay for a maximum of six tax years
•they can tell HMRC how much penalty they should pay
•they may be able to pay what they owe by instalments
Further information is available from HMRC.
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