London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552
"We understand our clients'
needs and offer practical solutions"

Second incomes campaign

Date: 14th May, 2014   |   Author: Cathy Corns   |   Comments: 0

HMRC has introduced this campaign to assist individuals in employment in bringing their tax affairs up to date if they have additional income that is not taxed through PAYE.  It is designed to enable people with undeclared income to get their tax affairs sorted in a simple, straightforward way by taking advantage of relatively preferential terms.

Basically, if you owe tax on your income you must tell HMRC about any unpaid tax now.  You will then have 4 months to calculate and pay what you owe.  HMRC has issued detailed guidance on this.

 

 

 

 

 

 

 

 

Discussion and Comments

 

Name:
Email:
Comment:  
Please enter the word you see in the image below:

Notify me of follow-up comments?

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn