What are HM Revenue and Customs campaigns all about? In simple terms these campaigns are about giving certain self employed people a chance to “come clean” to Revenue and Customs about their business.
Most campaigns allow you to give a full declaration of income by a set date for a reduced penalty charge. HMRC periodically focuses on specific areas and trades. They let everyone in that trade know that they are being “looked at” providing an opportunity to “come clean” upon favourable terms. If, after the campaign is over, you are found to have understated income from a targeted source then the penalties will be greater.
In the past, campaigns have included electricians, plumbers, tutors, direct selling, foreign investments and income.