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UK online traders have until 14th June to register for a HMR&C campaign of voluntary disclosure
Thursday, 07.06.2012
VAT News
This campaign, known as the e-Markets Disclosure Facility, offers a simple and straightforward way for online traders to correct their tax affairs with little or no penalties.
Last month, HM Revenue & Customs wrote to more than 30,000 people trading on the internet to inform them of the e-Markets Disclosure Facility, and will begin to contact traders after the 14th June 2012 who did not come forward to avail of the facility, to assess whether they owe tax.
HM Revenue &Customs has raised more than £510 million from voluntary disclosures during campaigns and a further £125 million from follow up investigations.
