The HMRC has recently announced three new campaigns about which construction clients need to be aware. In their press release, the HMRC said that the campaigns will focus on:

• Missing returns. This will contribute to wider HMRC activity tackling failure to complete tax returns. It will initially focus on those who fail to complete tax returns and who are liable to pay tax at the highest rates.
• Home improvement trades. This will build on campaigns aimed at plumbers and electricians, and will include several 100,000 tradespeople in construction and building work such as roofing, window fitting, bricklaying, carpentry and joinery.
• Direct selling. This will target customers who ought to be paying tax on income they earn from buying and selling goods direct to others, or from the commission on these sales.

The release went on to say: “Using new technology, we have been able to analyse returns to HMRC covering a range of taxes and to cross-reference these with other information to build a picture of where we believe we have taxpayers with missing returns.”

The HMRC also said that, like their previous campaigns, they will give those people who are in the groups they are targeting the opportunity to pay any tax they owe and to “put their affairs in order on the best possible terms”.

So, as is generally the case, those who are adhering to the law have nothing to be worried about.

You can read the press release in full by clicking here.

Don’t forget, Andrew Bourne & Co provide cover in respect of Tax Disputes, VAT Investigations and Employment Law Issues either as a package policy or as individual covers.

For further details please contact your usual account executive or Richard Gibson on  0116 272 0770

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