Plumbers & Electricians Given “Tax Disclosure Opportunity"

HM Revenue & Customs (HMRC) are continuing their crackdown on tax evasion and are still focusing with real intensity on those who have completed plumber and electrician training courses. It may seem unfair and particularly vicious, especially given the level of tax evasion that goes on surrounding big money and big business, yet during the crackdown, serious levels of tax evasion have been uncovered.

This week West Midlands plumber David Williams was jailed for evading £91,000 of income tax and national insurance, justifying the high level of attention being given to the tax situation of plumbers, heating engineers, electricians and gas fitters.

The shocking level of tax evaded by Mr Williams over his 10 year career as a self-employed plumber does absolutely no favours for the industry or for the good names of those in the plumbing profession. According to HMRC, nine other plumbers have placed under arrest whilst investigations into their financial situations continue.

It is a real shame that the greedy practices of a few individuals are now injuring the reputation of other alumni from plumber and electrician training courses. This seems to be one of the most widely publicised HMRC campaigns – their 2011 crackdowns on medical professionals, companies evading VAT, offshore investments and private tutors do not seem to have warranted as much national attention.

If you are concerned about your tax situation, HMRC are now implementing a “disclosure opportunity”. Many tax issues are unintentional and these are the issues the tax man is hoping to confront. They are encouraging plumbers and electricians who have unintentionally (or otherwise) not paid their tax correctly to now come forward. If they do they will be hit with a severely reduced penalty rate – 10-20% of the tax owed. In comparison to the usual 100% rate that could affect them later, this is a real incentive to get your finances in order.

All good plumber and electrician training should equip its alumni for working life in their profession – this includes handling their finances. If you are considering beginning plumber or electrician training, ensure you select a course which will give you all the skills you need for a successful career. Here at Access we are proud to provide comprehensive plumber and electrician training. To find out more about our courses please browse the rest of the site or call 0800 345 7492 today.

Get in touch to learn more about our training courses!

First Name *
Surname *
Telephone Number *
E-mail address *
Ask A Question *
Security Character Security Character Security Character Security Character Security Character Security Character
Enter Letters (No Spaces) *