Wednesday, June 15, 2011

Life coaches, fitness coaches and tutors targeted by taxman

Those who can, do, and those who can't, cheat on their taxes. This is the inference one could draw from HMRC's latest news release announcing the next subjects of a tax crackdown.

HMRC say that they are going to target those who provide private tuition and coaching. This addresses the risk posed by all professionals who, because of their field of expertise, are able to earn money from providing tuition and coaching – either as a main or a secondary income.

The sort of people in the firing line are stated to be those who provide private lessons, regardless of whether they have a teaching qualification, and could include, for example, fitness/dance/lifestyle coaches through to national curriculum subject tutors and others.

I would make the same observation as on my last blog post (re: HMRC robots to catch out online traders). To an extent this announcement is only likely to scare the target tax evaders so that they start to disclose their extra-curricular earnings. In this regard you have until 31 October 2011 to disclose earnings from 6 April 2010 to 5 April 2011 even if you had previously been hoping to keep them secret. If you have been failing to disclose sizeable amounts of income for some years you may want to take professional advice about how and when to tell the taxman. Do follow the links above to find a tax adviser who can help you.

1 comment:

  1. Hi Mark,

    I just came across this blog entry. So if I get this right the tax man is now searching the internet for any website that they think are from people who might be making money from any form of education or tuition in the desperate hope that they are avoiding paying tax. Perhaps they might like to twit and make some FB comments about these sites, help these help actually get exposure for their websites and maybe help them get some clients, make a bit of money first, and then there might be some room to tax them.