12th November 2014
HMRC have launched yet another disclosure opportunity this time aimed at undisclosed credit card sales. The Credit Card Sales Campaign is an opportunity for those affected to bring their tax affairs up to date if they are an individual or business that accepts credit or debit card payments for goods or services.
The disclosure opportunity allows those who have not registered with HMRC or who have failed to declare all their income to make a ‘voluntary disclosure’ of the omitted information in order to get the best terms under the campaign.
If you have any concerns in this area please do get in touch.
Internet link: Credit card sales campaign