HMRC has issued a warning to the UK’s self-employed healthcare professionals to get their tax affairs in order or face an investigation from a dedicated taskforce.
HMRC’s latest tax amnesty, the Health and Wellbeing Tax Plan, focuses on professions such as physiotherapists, chiropractors, osteopaths, homeopaths, acupuncturists, and speech therapists. They are encouraged to pay tax on any undeclared income by the beginning of the 2014 / 15 tax year (April 6th).
Those who disclose their income under the scheme are promised lower penalties than Health Workers who attempt to keep their income hidden. HMRC say they will be identifying individuals who do not take advantage of the amnesty and visiting them to examine records before potentially launching a full investigation.
Exchequer Secretary to the Treasury David Gauke said:
“We have made nearly £1 billion available to HMRC to police the tax rules. Taskforces are making a major contribution to delivering on this commitment by directly intervening where HMRC suspects the rules are being abused. These taskforces have brought in £136 million since 2011, which is tax that would otherwise have gone into the pockets of tax cheats.”
HMRC’s anti-avoidance activity has been under increasing scrutiny after a series of controversial new measures were introduced, including the ability to syphon tax directly from bank accounts, and a campaign targeting the clients of freelancers and contractors to determine if avoidance had taken place. It was also revealed recently that HMRC’s specialist personal tax unit is to shrink by some 300 staff by 2015.
Photo by Ken Teegardin