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RSM Tenon calls for doc amnesty extension

16 Mar 2010, David Jetuah, AccountancyAge

http://www.accountancyage.com/aa/news/1808302/rsm-tenon-calls-doc-amnesty-extension

RSM Tenon has called for an extension to the 31 March deadline for the taxman's amnesty aimed at the medical profession.

The UK's seventh biggest accountancy practice made the call because medical professionals are also scrambling to meet NHS year-end requirements to finish work they have agreed to undertake.

Doctors and dentists must notify HM Revenue & Customs by 31 March if they want to take part in The Tax Health Plan, allowing them to make a full disclosure and settle any outstanding liabilities in return for a 10% penalty.

Gary Ashford, director of tax risks, disputes and investigations at RSM Tenon said “Early signs are that not many medical professionals are taking up the disclosure facility offered by HMRC and my concern is that they are so busy focusing on their mountain of paperwork that they have not even considered their position.

"HMRC’s view is that several thousand doctors & dentists are potentially eligible to make a disclosure under the THP and my worry is that the clock is ticking and the medical professionals will simply run out of time.

"We would encourage HMRC to continue in the spirit in which this tax disclosure facility is offered and extend the deadline until 30 April 2010."

Further reading:

Taxman urges medics to come clean with new amnesty

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