HMRC Collect £9m Unpaid Tax From Medical Professionals
Medical professionals in the UK are the latest group being targeted by HMRC for unpaid taxes. They sent letters to doctors and dentists asking them to come forward with any admissions of unpaid tax from previous earnings with a deadline set for the end of June.
Those who admitted unpaid tax before 30th June could pay past tax, plus interest, and a penalty of 10% of the unpaid tax. For those disclosed after the deadline, the fine would increase to between 20% and 100% of the unpaid tax.
To date tax officials have collected £9m in unpaid tax from 1,500 medical professionals, although 30,000 were approached in a disclosure campaign. Those yet to respond could now be investigated and face prosecution.
“Investigations will start in the autumn in earnest. HMRC is already working on cases for prosecution and expect numbers to rise. There is no doubt that any medical practitioner that has something to disclose to HMRC must deal with this issue now.”
HMRC said it was happy with the results and urged others to come clean.
“We did not have a target in mind, but nonetheless, the campaign has resulted in millions of pounds of tax that might otherwise have been lost being paid to HMRC as required by law,” a spokeswoman said.
“Anyone who has been evading tax should talk to us as a matter of urgency, as voluntary disclosure always makes financial sense.”
Filed under: Contractor News
