A leading Liverpool accountant has issued a stark warning to local online traders after Ebay and Amazon were both ordered to submit tens of thousands of members’ details to the taxman.
As part of a crackdown on online trading, HM Revenue and Customs has issued legal notices to the two internationally renowned brands asking for the data, which includes names and email addresses.
Des Veney from Haines Watts Charted Accountants said: “HMRC is in the process of contacting thousands of people in writing who may not have declared all of the tax they owe relating to internet sales.
“Their overall mission is to raise millions of pounds by targeting online traders who have until June 14 to come forward and benefit from a reduced penalty of the tax owed. The penalty will then rise, but in the worst cases traders could face prosecution.”
Previous targets of HMRC crackdowns include doctors, dentists, Avon ladies, plumbers and those with off shore bank accounts. The initiatives are said to have helped the taxman raise more than £500million so far.
Haines Watts Chartered Accountants Liverpool has provided accountancy services and business advice to many local enterprises and individuals for over 20 years, in Liverpool and the North West area. Situated in Liverpool's financial district, they service a variety of dynamic owner managed businesses in sectors including manufacturing, I.T. and service related industries, professional, partnerships, charities and B2B companies.
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