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HMRC have announced an imitative to allow plumbers and allied trades who have undisclosed tax arrears to bring themselves up to date for minimal penalty.

The secheme is called Plumbers Tax Safe Plan (PTSP) and runs till 31 May 2011.

Details are at: http://www.hmrc.gov.uk/trades-disclosure/index.htm

HMRC are getting very noisy about small business compliance at the moment, and it does look like things are going to be getting uncomfortable for a while.