TaxAdministrationAccountants could be next for tax amnesty

Accountants could be next for tax amnesty

Taxman considering which profession could be offered disclosure opportunity

Fresh speculation surfaced over the weekend that accountants could be the
next profession to be offered a tax amnesty, according to reports in in the
Mail on Sunday.

HMRC is currently running a new disclosure opportunity for the medical
profession but the press have speculated that accountants, lawyers and
construction company bosses could be the next to be targeted.

The amnesty for doctors runs out at the end of March. Under the scheme
taxpayers are offered a 10% penalty if they come clean during the amnesty. If
they fail to come forward, taxpayers face repaying their tax plus a much higher
penalty.

No confirmation has been made by HMRC of which profession could be offered an
amnesty.

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