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News - 18 October 2013

Health professionals targeted in new HMRC campaign

Health and wellbeing professionals who fail to disclose all of their taxable income to HMRC are being given the opportunity to come forward and settle unpaid tax, including any penalties and interest due. The Health and Wellbeing Tax Plan will enable health professionals including physiotherapists, occupational therapists and reflexologists to make a voluntary disclosure of any undeclared income.

Health professionals have until 31st December 2013 to register with the Health and Wellbeing Tax Plan, and until 6th April 2014 to disclose and pay any tax they owe.

The campaign is not aimed at doctors and dentists, who were covered by a previous HMRC campaign, nor at nurses or social workers.

Stuart Coleman, Manager of the Tax Department of ABDS comments:
“After 31 December, HMRC will take a much closer look at the tax affairs of these health professionals. By using this campaign to come forward voluntarily, any penalty they might have to pay will be lower than if HMRC comes to them first.  After the opportunity closes on 6 April, HMRC will use information it holds from third parties and regulatory bodies to identify people who have not paid what they owe. Penalties – or even criminal prosecution – could follow. “

People can take part in the Health and Wellbeing campaign by:

  • telling HMRC they want to take part in the campaign by 31 December 2013
  • disclosing the details and paying what they owe by 6 April 2014

If you need any help and advice for your business on Tax, VAT or the implications of the HMRC Taskforces, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

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