Private tutors, coaches & e-marketplace traders under HMRC Spotlight

The latest groups of trading activity that HMRC are targeting for underpaid tax are private tutors and coaches (including fitness instructors) and those who intend to make a profit through buying and reselling goods in an e-Marketplace and have not fully declared their income.

HMRC’s announcement does not give any timescales, but it does suggest that for those who regularise their tax affairs and volunteer undeclared income and gains prior to being challenged by HMRC, the terms will much better.