The tax health plan is a tax amnesty aimed at medical professionals
such as doctors and surgeons who have not declared all of their
income to HMRC. This could be as a result of deliberate tax evasion
or because the medical practitioner has not had the time to keep
sufficient records to enable him or her to declare the right amount
of tax to HMRC. HMRC have used their powers to obtain details of
untaxed income paid to medical practitioners by NHS trusts, medical
insurers and private hospitals. Although HMRC are unlikely to be
able to obtain direct information relating to private clinics run
by medical professionals it is likely that some information relating
to these will come from the medical insurance payments (as well
as details relating to any medical reports written for insurers).
Who
can participate in the tax health plan?
Most medical practitioners will be able to participate if they have
income that has not been declared to HMRC. Although not defined
the form to complete requires details of the medical practitioners
GMC registration so unless the medical practitioner has a GMC registration
they are unlikely to be able to participate. HMRC literature also
indicates that if the medical practitioner has an offshore bank
account which has not been declared to HMRC then the medical practitioner
will not be allowed to participate in the tax health plan initiative.
What
if I do not qualify to take part in the tax health plan?
There are many ways that an individual or company can make a voluntary
disclosure of any tax fraud to HMRC. Please call 0800 7343333 for
a confidential discussion as to what alternatives are available
to you.
What is the closing date for registration for the tax health
plan?
The medical practitioner must have registered to take part in the
tax health plan by 31 March 2010.
How do I register for the tax health plan?
A medical practitioner can register to take part in the tax health
plan either by telephone, post or online at http://www.hmrc.gov.uk/tax-health-plan/feedback.htm
What information do I need to register for the tax health plan?
The initial information needed to register for the tax health plan
includes the following
- Name
and address
- GMC
Registation number
- Date
of Birth
- Tax
Reference number
- National
Insurance number
What happens after I register for the tax health plan?
HMRC expect that the medical practitioner will produce details of
any income that has not been declared to HMRC over the 20 year period
to 5 April 2008. The medical practitioner will be responsible for
calculating the correct amount of tax as part of the tax health
plan and also to calculate any interest and penalty due on this
amount. There is a form provided by HMRC to report the information
and this must be with HMRC by 30 June 2010.
Why is the year to 5 April 2009 not included in the tax
health plan?
As the announcement of the tax health plan amnesty was made before
the tax is due for the year to 5 April 2009 (31 January 2010) then
HMRC have stated that the individual should put the correct amount
of income on their tax return. This appears to be a little short
sighted as the registration period takes an individual post the
date that the tax for the year to 5 April 2009 is due. Also to give
people 21 days between the announcement of the tax health plan and
the filing deadline is not sufficient to bring someone's tax affairs
in order. In reality it will probably be that at the time the figures
are sent to HMRC the medical practitioner will probably have to
send an amendment to their self assessment return for the year to
5 April 2009.
Where can I find more information about the tax health plan?
HMRC have published a number of documents explaining the tax health
plan at http://www.hmrc.gov.uk/tax-health-plan/.
How
can Gilbert Tax help me?
Gilbert Tax specialise in helping people who have committed a tax
fraud or tax
evasion and who need help disclosing this to the Inland
Revenue in such a way as to minimise their liabilities as far as
possible.
Gilbert Tax helped hundreds of people through the perils and pitfalls
of the last tax amnesty. For further information about how we can
help you in the current tax amnesty (new disclosure opportunity)
call us for a confidential free discussion on 0800 734 3333 or e-mail
scott.gilbert@gilberttax.co.uk
now
Gilbert Tax:
- Are
non- judgemental.
- Rigorously
defend your position within the scope and parameters of the law.
- Take
control of the investigation.
- Focus
on working towards the most cost effective and efficient way to
achieve the closure of the tax investigation.
- Encourage
you to concentrate on your business and leave dealing with the
Inland Revenue to us.
-
Pride ourselves on caring vehemently about our clients and that
they are treated justly and fairly within the scope of the law
Between the 6 partners and 2 members of staff Gilbert Tax has over
90 years' experience of tax investigations from both working for
HMRC and spending significant time in top accountancy firms tax
investigation teams defending businesses subject to Inland Revenue
Investigations. Gilbert Tax offer a unique blend of relevant experience
at affordable prices.
For
a private discussion about how we can resolve your tax investigation
and potentially save you money contact us at any time on 0800 7343333.
Our initial discussion will be undertaken without charge. Although
based in the North of England we have clients all over the country
To
find out what some of our clients have said about us please visit
out testimonials page. |
