HMRC indicates that it will follow up with those who do not make a disclosure, which could lead to more severe penalties.
If the form is submitted on or before 5 January 2023, HMRC will contact the person submitting it to explain how to make the disclosure. Information to be included in the disclosure includes the total sales for the periods in which the business has been using the till systems, and the value of sales that have not been declared for those periods.
Read more on HMRC’s powers to tackle electronic sales suppression.
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- 05 Jan 2023 (04: 00 PM GMT)
- On 3 January 2023, HMRC announced that the deadline for making a disclosure would be extended from 28 February 2023 to 9 April 2023.
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