HMRC Health and Wellbeing Tax Plan Launch HMRC has launched its Health and Wellbeing Tax Plan. This is a one-off opportunity for any complementary therapist who is behind with their tax to notify the HMRC before 31st December 2013. Participating in the campaign will allow practitioners to take advantage of the best terms available and increase the chances of avoiding a higher penalty. HMRC is sending up to a thousand letters to people already identified as having outstanding Self-Assessment returns for any of the years between 2009-10 and 2011-12 to flag up the campaign. If you know that you are behind with your tax returns you have until 31st December to contact HMRC and let them know you want to bring your tax affairs up to date. You will then have until 6th April 2014 to make the disclosure and pay what you owe. Once the notification window closes HMRC will be following up with a programme of compliance interventions. It will use sophisticated software to look more closely at those who have not come forward voluntarily and could contact people at any time. HMRC will vigorously chase up the tax returns from those who are asked to catch up. Anyone not responding at that point will be considered for a tax determination and collection of any unpaid debt and penalties. We strongly recommend that any practitioner who has a concern or any doubts about their tax affairs contact HMRC under this scheme as soon as possible. Failure to notify HMRC during this time could lead to more serious penalties. For more information call the HMRC’s Campaign Voluntary Disclosure helpline on 0845 600 4507. You can see the full details of the scheme here: https://gov.uk/voluntary-disclosure-health-wellbeing
Posted on: Thu, 14 Nov 2013 12:25:31 +0000
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