The Government’s offer to those in the plumbing industry to tell the truth about their tax avoidance and receive a less harsh penalty seems to apply to all firms, according to the Chartered Institute of Taxation.
The Plumbers Tax Safe Plan gives plumbers and associated workers until the end of May to disclose any undeclared tax owed. If they come clean they will be charged an additional 10 per cent to 20 per cent of what they owe as a penalty.
However, Revenue & Customs has said that the same deal can be broadly applied to those in other industries coming forward with a disclosure.
According to the institute, this is tantamount to a “general disclosure opportunity” of the type the group has been calling for.
Spokesman Gary Ashford said on Thursday: “Despite the focus on plumbers, HMRC have today effectively announced a general disclosure facility open to anyone with tax irregularities.
“This is a positive move. A general arrangement available to all is sensible and something (the institute) has been calling for for some time.”