Be part of your own Accident Management Solution


As an owner operator you have a vested interest in how the accident management provision works for your company.


Nationwide Assist have created a unique scheme where you directly share in the revenue generated by your drivers.


We offer: • A plated replacement vehicle valeted and delivered • Recovery of customer’s vehicle from the accident • Repairs arranged at a garage of your choice • Assist with the uninsured loss recovery • Secure storage of customer’s damaged vehicle • 100% compensation for injury claims • Very generous commission structure


and much much more


TAXING MATTERS


SELF ASSESSMENT DEAL OFFERED TO TAXPAYERS UNTIL 15 OCTOBER 2013


HMRC has launched a new voluntary campaign for individual tax- payers to settle their tax bills if they failed to complete a self assessment tax return up to 2011/12.


Benefits for both operators and drivers


As a driver when you are involved in a road traffic accident that wasn’t your fault it is vital that you get back on the road as soon as possible.


Once informed Nationwide Assist will: • Provide you with a like for like replacement vehicle • Commence repairs as a matter of urgency • Appoint an approved solicitor for personal injury claims • Ensure you don’t have to pay any excess • Ensure your no claims bonus remains intact


Managing your every need


Nationwide Assist 0800 4101 999


NA (Nationwide Assist) is a trading style of CAMS (Central Accident Management Services) who are an ABI 1st Tier subscriber to the Association of British Insurers (ABI). CAMS is also authorised and regu- lated by the FSA and approved for claims management activities by the Ministry of Justice.


The settlement window opened last month and participants have until 15 October to complete and submit a tax return, and pay the tax and National Insurance Contributions (NICs) that they owe. Those that come forward under this campaign will benefit from a reduced penalty of 10 per cent. Thereafter penalties will jump up to between 30 per cent and 100 per cent of the tax due, with an additional risk of criminal investigation. In the coming weeks HMRC will also be writing directly to several thou- sand people it has identified using the Connect intelligence-gathering software and will follow up with calls. HMRC said that a tax return could be required where someone had anoth- er source of income or investments for a specific year, or maybe rented out a property, which would mean that income would need to be declared to HMRC through a SA tax return. Marian Wilson, HMRC’s head of campaigns, said: “This is definitely the best time to catch up, on the best possible terms. While some penalties will apply, it is likely to cost people more if we have to find them rather than them coming to us. We have made it easy to take part. “We know this approach works because campaigns launched so far have produced more than £547m by people coming forward voluntarily.” While the Revenue is keen to get the settlement window mes- sage across, it was less clear about who is being targeted and exactly how many letters will be sent out. The list of “several thousand” includes people who have already received notices to file, who hardly need to be identified with sophisticated risk analysis software. But longer-term delinquents are also at risk, an HMRC spokesperson recently stated: “For individuals with whom we do not ini- tially communicate directly we will continue using Connect through the course of the campaign. And we may contact individuals with an out- standing return at any time where we identify gaps in return history and consider there is a level of risk presented.” Under the new My Tax Return Catch Up campaign, anyone coming for- ward will submit their return, pay any tax due, interest and a penalty - which is typically around 10 per cent of the tax due, HMRC confirmed. Late filers for 2011-12 currently are into daily penalties at the moment, which could go up to a maximum of £900 on top of the initial £100 late fil- ing penalty. If they still haven’t filed by the beginning of August, another £300 will be slapped on top of the bill (or five per cent of the tax owed, whichever is higher). This will go up another five per cent or £300 in Jan- uary 2014. If they don’t come forward as part of the current campaign, HMRC could cite this failure to come forward as proof of a deliberate attempt to conceal information if and when it comes after them, Rebecca Benneyworth warned. The campaign follows last year’s Tax Return Initiative campaign, which covered higher-rate taxpayers who had failed to submit 2008/09 or 2009/10 returns. During that campaign more than £30m was paid when more than 3,000 people voluntarily came forward filing more than 5,500 tax returns. According to the Revenue campaigns have so far raised £547m from vol- untary disclosures, and nearly £140m from follow-up activity, including 20,000 completed investigations. As a result of HMRC’s recent campaigns there are 13 criminal investiga- tions underway, with five convictions already secured. Help is available from HMRC online and through a dedicated helpline on 0845 601 8818.


Taxi drivers are one of the trades HMRC are currently looking at. They have obtained details of drivers’ badge details from licensing authorities and matching the individuals to their Self Assessment records.


Paul Taylor, PBT Tax Solutions Creator of Taximanager, the online APP for the owner driver to record their income/expenditure. Drivers’ tax accounts also prepared, including submission of the Self Assessment Return for only £99. Email through www.pbttaxsolutions.co.uk or visit www.taximanager.co.uk


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