Healthcare tax deadline

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Healthcare professionals have until 6 April to take advantage of HMRC’s Health and Wellbeing Tax Plan to settle outstanding tax affairs on the best terms possible say Harris & Co accountants Northampton

The plan is part of a targeted campaign which HMRC launched in October 2013 to offer around 180,000 people, working in the health sector, the chance to get their tax in order.

Healthcare professionals include physiotherapists, occupational therapists, chiropractors, osteopaths and chiropodists, as well as alternative medicine professionals such as homeopaths, dieticians, nutritional therapists, reflexologists and acupuncturists, along with psychologists, speech and language therapists and arts therapists.

HMRC says it has sent around 1,000 letters to people identified as having outstanding Self-Assessment returns for any of the years between 2009-10 and 2011-12 to flag up the campaign. It is also using analytic software to identify and contact those who could owe tax.

Those affected had until the end of 2013 to contact HMRC to bring their tax affairs up to date. They now have until 6 April 2014 to make the disclosure and pay what they owe.

Tax and interest will have to be paid, but the penalty will be between 0% and 35% of the amount owed, whereas anyone who does not take advantage of the campaign could face a penalty equivalent to up to 100% of the tax and national insurance contributions (NICs) owed, or in some cases criminal prosecution.

HMRC’s earlier Medics Tax Health Plan campaign in 2010 resulted in over 1,500 tax disclosures from doctors and dentists, with a combined value of £10.5m.

People who have signed up to the current campaign can access a disclosure form online here.

Anyone who has missed the notification deadline and wants to make a disclosure should call the dedicated helpline on 0845 600 4507.

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