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Another day, another amnesty from HMRC.

The latest is the Tax Return Imitative – a opportunity for anyone who owes tax at Higher Rate but hasn’t paid it at source – for example if you are a 40% or 50% taxpayer, and have investment income or rental income but haven’t submitted a tax return.

People have until 2 October 2012 to take part, including notifying HMRC, submitting returns and paying tax.  As a carrot there is the offer of “best terms” on penalties and time to pay.

If this is a concern to you, or your conscience has been pricked, please get in touch to discuss.