Tax advisers expressed surprise that only 1 500 medical professionals made disclosures under HMRC’s Tax Health Plan (THP) by the 30 June deadline. HMRC told Tax Journal that there were over 2 000 ‘notifiers’ and the THP had yielded around £9 million.
Doctors and dentists with undisclosed liabilities were given until 31 March to notify their intention to make a disclosure under the plan and benefit from a fixed 10% penalty and disclosure and payment had to be made by 30 June. RSM Tenon had called for the notification deadline to be moved to 30 April.
‘Most interesting has been the sources of income revealed by disclosures ’ an HMRC spokesman said. ‘We now know of several specific new sources of information linked to undeclared incomes for doctors and for dentists. HMRC has established that our information powers allow us to access the information from previously unknown source and...
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