The Electrician's Tax Safe Plan (ETSP) launched in February 2012 and closed on 14 August 2012.

Electricians’ Tax Safe Plan (ETSP)

Although the terms of PTSP and other past tax disclosure opportunity have allowed for a general amnesty for all taxpayers, HMRC continued to offer special disclosure activities to different trades and professions on a piecemeal basis.

The significance of this offer for those in the electrical trade is that by making a voluntary disclosure at this stage may significantly reduce the amount of penalties due and should also avoid the possibility of criminal investigations taking place.

HMRC is able to take advantage of its powers under its information and inspection powers afforded by Schedule 36 FA 2008 to inspect business premises.