The Inland Revenue’s Tax Catch Up Plan has started a new campaign aimed at flushing out undeclared income from self-employed tutors and coaches.
If you have been working in education (schools, colleges or universities etc) on a self employed basis, you now have the opportunity to come clean with the Revenue and avoid penalties that in addition to paying the unpaid tax bill, can include a fine of up to 100% of the unpaid tax plus interest. Under the campaign if you come clean the penalties can be reduced to either 0%, 10% or 20%.