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Disclosure campaign launched for health professionals

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HMRC’s next tax disclosure campaign, the HMRC health and wellbeing tax plan, targets healthcare professionals (other than doctors, dentists, nurses or social workers) with undisclosed income.

According to HMRC, the health and wellbeing tax plan, which started on 7 October, ‘offers health professionals a time-limited opportunity to bring their tax affairs up to date on the best terms available’.

The new campaign covers physiotherapists, occupational therapists, chiropractors, osteopaths, chiropodists and podiatrists. Homeopaths, dieticians, nutritional therapists, reflexologists, acupuncturists, psychologists, and speech, language and art therapists and others are also covered.

Health professionals will have until 31 December 2013 to tell HMRC that they would like to take part in the campaign, and until 6 April 2014 to disclose and pay the tax owed. After 31 December 2013, 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.

Marian Wilson, head of HMRC campaigns, said that, after the opportunity closes on 6 April 2014, ‘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.’