I have had a small - very small - business for 10 years. I could not afford an accountant to do my books and subsequently have not payed Income Tax for that time. My conscience is bothering me now and I want to come clean with the Tax man. What are the chances of me ending up under a bridge doing that. Will they sequestrate me? Getting a job at my age is a big problem in this country.
They have an amnesty at the moment, should I apply for that? How do they decide on the amount of money in back taxes that has to be paid?
Good advice will be appreciated.