Besides all the above interesting information I would just add that people should be a little careful, the outgoing government sold off the reserves, spent all the income the country had, then in desperation printed money.........now as the Coalition tries to balance out the mess, Tax Inspectors NEED to raise every penny they can. Thats their dictate !
Expect Ebay investigations, increased customs duty checks, examination of private traders v business traders and the avoidance of tax paid etc..................
Its not a cheery subject prior Xmas, but I think a touch of caution and not highlighting the issues (drawing attention) to them might be sensible.......[ I know I am fuelling the fire a little!] .................who knows who is on here under alias' or even anonymous user.........I remember learning after many years that a Tax Inspector socialised in my company but never declared it, case he created enemies lol...............Of course those who are whiter than white in every complete aspect have nothing to fear, but maybe thats not so many of us........ (Simon Hunt excepted)
If you want to know how intrusive such investigations are I could also write quiet a verse, but I closed mine out some years back and all I can advise is, don't lay yourself open for such an event it is indeed a nitemare...................