The special Tax Amnesty for doctors and dentists, properly called the Tax Health Plan (THP), but often known as the Medics Tax Amnesty, ended in March 2010 and yielded £10m, including £1m from one doctor. Since then HM Revenue & Customs have started investigating medics that did not register – the so-called “2nd wave”.
The taxman sent hundreds of letters to doctors and dentists in May: “where there is concern around their compliance”. Already further disclosures have brought in another £1m: according to Accountancy Age. Medical practitioners with tax irregularities to disclose may have been particularly incentivised to confess following widespread publicity about a number of their peers being arrested by HMRC.
How can Lynam Tax Enquiry Experts help me?
If you are undergoing a tax investigation or a compliance check then specialist help from Lynam Tax Enquiry Experts could save your blushes and your business. Plus, our massive experience will almost certainly save you tax and penalties as well.
*For a free, confidential chat about your tax affairs, don’t delay, call Paul Lynam now on 0845 643 9997.