HMRC Investigations

5th December 2013

Health Professionals Targeted in New HMRC Campaign.

People in the health and wellbeing professions who have taxable income that they have not told HM Revenue and Customs (HMRC) about are being targeted in a new campaign. The Health and Wellbeing Tax Plan 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.  The campaign is not aimed at doctors and dentists, who were covered by a previous HMRC campaign, nor at nurses or social workers.

Health professionals 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, 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.



 
Other items in Blogs
 
Lisa Smith
11th December 2018 To file or not to file, that is the question!

In common with many people, our client was notified in January 2018 that he no longer needed to file a tax return.  As he receives income from multiple sources, i.e. a salary, various pensions and savings income, he wasn’t convinced that he had paid the right amount of tax for the year ended 5 April…

Read More »

Jeannette Hume
11th December 2018 R&D tax credits explained

Research and development (R&D) tax credits are a valuable government tax relief that rewards UK companies for investing in innovation. Companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for a cash payment and/or Corporation Tax reduction. R&D tax credit rates are the equivalent of up to 33p…

Read More »

Matilda Mawson
11th December 2018 Don’t let your tax bill get you down – file your return before 30 December and spread the payment over a year!

With the festive period looming, completing self-assessment tax returns are the least of most people’s worries, however, if you are employed or receiving a pension and have tax deducted at source by your employer there is a benefit to filing your return before Christmas! If your return is filed before 30 December 2018 you can…

Read More »

Jeannette Hume
7th December 2018 Budget Changes Encourage Investment

A number of measures contained in October’s budget were designed to increase investment made by UK businesses and aimed at raising the UK’s international competitiveness. Farmers anticipating expenditure on new commercial buildings or a large outlay on machinery, may find Chancellor Hammond’s changes both interesting and useful.   Let’s look first at the Structures and…

Read More »

Matilda Mawson
30th November 2018 Don’t duck out on your filing obligations – check if you need to complete a self-assessment tax return before it’s too late!

There are now only 62 days before the tax return filing deadline of 31 January 2019. Not sure if you need to file a tax return? HMRC have released a new questionnaire that only takes a few minutes and will check whether any of your income or gains will require you to submit a return.…

Read More »

Donna Gidney
22nd November 2018 Guest Speaker confirmed for Start-up Seminar at March Office

Our March office will be hosting its start-up seminar on 29 November 2018 between 6pm and 8pm. The evening will aim to cover the following key areas for those starting out in business: Choice of business structure Record keeping, including digital software packages Compliance with HMRC regulations Funding options Employment issues We are delighted to…

Read More »