I read with interest in Tackle and Guns, that the latest targeted "tax catch up initiative" is to go after Fishing and shooting guides
We are being offered the opportunity to pay any outstanding tax now, incurring a small fine or, if they feel you owe more tax they will investigate "using various intelligence sources" to identify the teachers and instructors.
I rang them yesterday out of interest and was told they are aware of several guides/instructors who have paid no tax on this type on income. If you declare outstanding tax now they will look at your last six years. If you get investigated they will look at UP TO 20 YEARS!
Thankfully they were happy with my position but in order to avoid nasty shocks I suggest all angling instructors get their paper work in order.
The cynic in me thinks they may once again be going after the easy target, I'd suggest they would get more tax back from the Tarmac and rubbish disposal crowd who may or may not own caravans!
www.hmrc.gov.uk/ris/tcup/index/htm for more info
Heads up!