Why are online traders being targeted by the Taxman?

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Why are online traders being targeted?
In recent years the taxman deems everybody to be trading if you’re selling online, the word hobby doesn’t feature in their vocabulary!

We’re not talking about people selling a few old clothes or bits of furniture on eBay but we’re talking about what the Revenue call Badges of Trade – things that indicate that what you are doing is more than a hobby.

I’ll list them as are you probably ...

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Undeclared Property income or sales

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What is a common tax case for let property?
Mainly people who have rented out a house (maybe one they used to live in) or have acquired from a relative in a will or something and started renting it out.

Time drags on and before you know it you’ve missed the 5th of April one year and then the longer it goes on the more difficult it is to come ...

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Meant to declare my income but now, I’m scared to – is it too late!!

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Many people have been trading or letting property for years unbeknown the taxman!

He will catch up with you one day, but perhaps you have escaped the net to date!

What to do —

Call Lindsay and discuss a voluntary disclosure

There are HMRC Campaigns we can utilise, saving money on penalties etc and a voluntary disclosure is the best way to come clean, settle up and save.

Get your life back and move on as one day you may need to NIC credits, or ...

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