HMRC have launched a new campaign targetting private tutors and coaches e.g. academics, fitness instructors, dance teachers, life coaches, music teachers. They have until 6/1/12 to register with HMRC of their intention to make a voluntary tax disclosure of any tax not declared for the years up to 5.4.10. They then have until 31/3/12 to calculate and pay any tax outstanding, plus interest and penalties. The benefit of voluntary disclosure will be lower penalties, whereas non disclosure if caught can result in 100% penalties and potential prosecution.