Tax amnesty for medical professionals

A partial amnesty for doctors and dentists who have failed to declare income to HM Revenue & Customs (HMRC) has been launched in the opening salvo of a new campaign designed to flush out tax evasion by professionals.

Doctors and other specialists with undeclared tax liabilities will be encouraged to volunteer information with the promise of a reduced 10% penalty on any tax due. The maximum penalty is 100% of tax due.

Those failing to come forward by the end of March face the threat of investigations, substantial penalties , public ‘naming and shaming’ and even criminal prosecutions.

Kingston Smith LLP can help you to make an approach to HMRC and formulate your disclosure.

Please contact:

Paul Samrah
Tel: 01737 779 000
Email: psamrah@kingstonsmith.co.uk

Andrew Shaw
Tel: 020 7566 4000
Email: ashaw@kingstonsmith.co.uk