As with other campaigns, HMRC is offering people with undeclared income a chance to get up to date with their tax affairs ‘in a simple, straightforward way and take advantage of the best possible terms’.

The HMRC guidance includes the following examples of the type of people who may participate in this scheme if they have the following undisclosed income:

• fees from consultancy or other services such as public speaking or providing training;
• payment for organising parties and events or providing entertainment;
• income from activities such as taxi driving, hairdressing, providing fitness training or landscape gardening;
• profits from spare time activities such as making and selling craft items; and
• profits from buying and selling goods, ie, regular market stalls, boot sales.

Affected taxpayers need to complete a notification form on the HMRC website or telephone the helpline on 0300 123 0945.

There is currently no end date for this campaign, but once a person has notified HMRC of the intention to make a disclosure they must disclose within four months of the date they receive their notification acknowledgement.

Guidance on making a disclosure under the Second Incomes Campaign is available from GOV.UK https://www.gov.uk/government/publications/second-incomes-campaign-your-guide-to-making-a-disclosure/second-incomes-campaign-your-guide-to-making-a-disclosure