HMRC are reminding workers in the health and wellbeing professions who have taxable income that they have not told HMRC about that they have until 31 December to register for HMRC’s Health and Wellbeing Tax Plan and until 6 April 2014 to disclose the details and pay the tax owed report Harris & Co accountants Northampton who have a lot of experience in the healthcare sector.
The Health and Wellbeing Tax Plan offers health professionals a time-limited chance to bring their tax affairs up to date on the best terms.
The campaign covers physiotherapists, occupational therapists, chiropractors, osteopaths, chiropodists, podiatrists, homeopaths, dieticians, nutritional therapists, reflexologists, acupuncturists, psychologists, speech, language and art therapists and others.
By using this campaign to come forward, any penalty the health workers might have to pay will be lower than if HMRC goes to them first. After the opportunity closes on 6 April, HMRC will use information they hold from third parties and regulatory bodies to identify people who have not paid what they owe and higher penalties and even criminal prosecution could follow.
More details about the campaign are available from GOV.UK.