Physiotherapists, osteopaths, chiropractors, chiropodists, podiatrists, homeopaths and psychologists are among the health professionals being targeted in HMRC’s Health and Well Being Tax Plan campaign, launched on the 7 October.
Under the campaign health professionals with undeclared taxable income are being offered a time-limited disclosure opportunity to bring their tax affairs up to date ‘on the best terms available’. The opportunity to voluntarily join the scheme will run until 31 December, with a deadline of 6 April 2014 for the disclosure and settlement of unpaid tax.
Marian Wilson, Head of HMRC Campaigns, said:
“I urge health and wellbeing professionals to take advantage of our quick and straightforward way of bringing their tax affairs up to date. Help, advice and support is available.
“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.”
If you would like further advice or assistance in relation to this campaign, we can help.