Doctors’ tax amnesty ‘unfair’

Doctors' tax amnesty 'unfair'

Tax experts argue the amnesty should be available to all tax payers

Calls have been made for the taxman to make its tax amnesty for doctors
available to all tax payers or risk running an unfair policy.

The call comes from tax experts at PKF who criticised the doctors’ amnesty.
They say it amounts to inconsistency because previous amnesties applied to all
offshore account holders while this new move, know as the Tax Health Plan,
applies only to onshore income for doctors.

John Cassidy, Tax Investigations Partner at PKF, said: “Of course it is good
to encourage individuals to disclose their tax irregularities, but this approach
is inconsistent. Individuals could not use the NDO to disclose solely UK income,
they had to have overseas income or gains. The new amnesty, called the Tax
Health Plan (THP), gives medics the chance to disclose UK income from any source
– not just consulting fees and expenses. HMRC should encourage everyone with
irregularities to come forward and make amends by making similar terms available
to all taxpayers.”

Read more:

HMRC
urges medics to come clean

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article