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
“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.”
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy