14th Sept deadline for online traders to come clean
Friday 14th September 2012 is the last date for those buying and selling through online auctions and markets to come clean to HMRC about past undeclared earnings.
Friday the 14th September 2012 is the payment and filing deadline for the "e-Marketplace Campaign" by HMRC which began back in June 2012. This scheme offered reduced settlement terms on tax owed by online traders who had registered by the 14th June 2012.
Aimed at those buying and selling online as a business, through mediums such as online markets and auctions, the campaign offers a “fresh start” to those with undeclared income from previous tax years. Traders had to register by 14th June, but the filing of the form and payment of tax owed is due by the 14th Sept 2012.
Even if you missed the registration deadline in June, you could contact HMRC and see if you can make a return before the end of the scheme to avail of the lesser penalties and charges. Anyone who wants to come forward now and voluntarily disclose can call the e-Markets Disclosure Facility Helpline on Tel 0845 601 2944. For more information go to hmrc emarketplace campaign