The Tax Catch Up Plan for tutors and coaches is a unique time-limited opportunity for you to tell HM Revenue & Customs (HMRC) about any unreported income you have received and also pay what you owe.
Anyone wanting to benefit from the scheme can still inform HMRC by 31 March 2012 – provided they supply all the information by then.
If you are paid for providing coaching, instruction or tuition and tax is not deducted and you don’t include that income on a Self Assessment tax return, or have an adjustment already in your tax code, then you need to use this plan to tell HMRC about that income now.
And if you owe tax in respect of anything else such as capital gains or rental income you can use the Tax Catch Up Plan to tell HMRC about that too.
Under the plan the penalties are greatly reduced than if they find you and the chance of a criminal conviction is also substantially lower.
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