Rowley's Chartered Accountants Leicester
Client Login
Latest News
TAX HEALTH PLAN – LATEST DEVELOPMENTS
HMRC announce that dentists have been added to the list of those eligible for the THP announced on 11 January 2010. The THP offers an opportunity for medical professionals with undisclosed tax liabilities to come forward and settle their affairs.
The scheme has been update with effect from 18 January 2010 to include Dentists in the Tax Health Plan.
Following questions from various professional bodies as to why the paperwork asked for a GMC number, thereby excluding dentists, HMRC have responded as follows:
"HMRC campaigns provide opportunities for groups of people to get their tax affairs in order in a simple straightforward way. However, we follow that up by using the intelligence we have to pursue those who have outstanding liabilities and choose not to take the opportunity. The first campaign we launched was the offshore campaign. 10,000 people have taken advantage of the new disclosure opportunity (NDO) and have notified us that they intend to make a disclosure of unpaid liabilities by March 2010.
The Professionals Campaign is the second campaign we have recently launched and it will be looking at a number of professions over a period of time. The first group we are looking to help with their tax affairs is medical professionals.
The Tax Health Plan (THP) was launched to provide an opportunity to medical professions, which we defined as those regulated by the GMC, for example doctors, medical specialists and consultants to help them disclose any unpaid liabilities.
The immediate positive reaction amongst wider health professionals groups has resulted in us reconsidering our initial decision to open this opportunity simply to GMC regulated professionals and it is sensible at this point to consider including dentists in the THP. We are arranging to meet the General Dental Council and the British Dental Association to take this forward as soon as possible. We are looking at whether we have sufficient information to include other health professionals at this time.
We already have plans to provide similar opportunities to other professional groups, including other health professionals soon. However if any person wants to make a voluntary disclosure at this stage and is not regulated by GMC they should not hesitate to do so. Unprompted voluntary disclosures often result in a reduced penalty being charged and it is sensible for any person who thinks they have unpaid tax liabilities to come forward and make a full disclosure to HMRC as soon as possible."