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Disclosure campaign focuses on solicitors

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HMRC’s latest voluntary disclosure campaign – the solicitors tax campaign – is aimed at solicitors, whether practising alone, in partnership, or in a company. Those wishing to make a disclosure must notify HMRC by 9 March 2015, then make a full disclosure and payment by 9 June 2015. Adam Craggs (RPC) noted that HMRC has run a number of similar campaigns in recent years targeted at specific groups. ‘Solicitors should not wait for the “knock” from the taxman before coming forward,’ he said. ‘With HMRC increasing the number of criminal prosecutions for tax evasion the consequences of not clearing up tax irregularities could be severe.’

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