Private Tutors & Coaches – HMRC are watching you!

Under the terms of the Tax Catch Up Plan, launched in October 2011, tutors and coaches had until 6th January 2012 to tell HMRC of any irregularities in their tax affairs.  The deadline to settle this tax is the 31st March.

HMRC have warned “it has gathered information and intelligence for this campaign and from April 2012 will use this to identify tutors and coaches who should have come forward under the plan, but chose not to.  Those who are caught will face the possibility of substantially higher penalties – up to 100 per cent of the tax owed – and even criminal investigation.