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HMRC has introduced various campaigns that are created to help taxpayers get up to date with their tax affairs, help people to maintain accurate and up to date records and prevent them making errors initially by providing education. The campaigns are part of an approach by HMRC to tackle the problems associated with tax avoidance and evasion.


How do campaigns work?
Campaigns are targeted at sectors considered to be high risk, making it easier for customers to put right any errors and get themselves up to date with their tax affairs. Taking part and signing up to a campaign will usually mean that lower penalties are charged, making it easier to come forward to HMRC.HMRC Advice

Activities are used to encourage people to become compliant with the tax system, especially in high risk areas. Those who don’t come forward and register with a particular campaign but are caught up with at a later date will face hefty penalties, a fine and possibly prosecution.

Campaigns offer an opportunity to deliver information to those who may be new to a particular area of high risk. The information is designed to help those people remain compliant and avoid penalties.

The information gathered by HMRC through the campaigns is used to improve future services for customers, improving efficiency and processes.

What do campaigns mean for you?
A campaign offers an opportunity for you to get your tax affairs in order under the best terms possible. Information and tools are provided to help customers bring their tax affairs up to date and help them to remain that way. Campaigns will also provide you with information that will help you to get it right in the first place. If a customer decides not to accept the invitation by HMRC to come forward, information gathered during the campaign will used to conduct an investigation and may end up with a prosecution.

How successful are HMRC campaigns?
Campaigns were introduced in 2007 and since that time more than £552 million has been collected in tax that was owed to HMRC – and this is just from those who have come forward voluntarily. Through follow-up investigations and activities, more than £224 million has been secured by HMRC.

Current campaigns
In addition to historical campaigns, there are two campaigns underway right now. These are the Health and Wellbeing campaign, which targets anyone in the health profession, while the Let Property campaign targets those who let out residential properties.

Further advice should be sought from a professional advisor or HMRC.

 

 

About The Author

Karl Bilby

We work very closely with our expert accountants to bring you the latest factually correct tax and accounting news. We also enjoy writing about small business news that we hope you find useful!

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