Solicitors in a Hurry and a Taxman Joke
HMRC have today announced a one-week countdown to the closure of the solicitors’ tax campaign. The door shuts on 9th June on an opportunity for solicitors to come forward and declare previously undeclared income.
HMRC hint that they will then be ‘knocking on doors’ with assessments and stiff penalties on what they already know. By using the scheme, solicitors can expect lower penalties.
Caroline Addison, Head of Campaigns, HMRC, said: “We don’t think it’s too much to ask that solicitors abide by the law and pay the tax they owe.” Nice one, Mrs Taxman, nice one.