Electricians Tax Safe Plan (ETSP)

HMRC is continuing its targeted campaigns into tradespeople with vigour with the announcement of the Electricians Tax Safe Plan (ETSP).

 The ETSP will begin in February 2012 and builds on HMRC's plumbers' campaign and gives an opportunity for electricians to come forward and declare unpaid tax. Considering that the Tax Safe Plan has so far generated an additional £1.98million, with more expected once the final disclosures are made, it is no surprise that HMRC are utilising similar tactics for their latest campaigns. The HMRC website defines an electrician or electrical fitter quite widely as ‘anyone who installs, maintains and tests electrical systems, equipment and appliances under stringent safety regulations.’

If you need any help in making  a declaration or want to ensure that you are doing things properly, please contact Mike Fagelman of MFA Chartered Accountants and Insolvency Practitioners on 013269 821900.