HMRC Launches Solicitors Tax Campaign
HMRC has launched its “Solicitors’ Tax Campaign” to provide solicitors, who may have undeclared income or gains, a straightforward method of putting their tax affairs in order on the best terms available. The opportunity is open to those working within the legal profession as a solicitor, whether as a sole trader or in a partnership or company.
A notification of the intention to disclose undeclared income must be submitted to HMRC by 9 March 2015, with full disclosure and payment of tax required by 9 June 2015.
Please contact Katharine Arthur for further information and advice.