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Pemberley Accounting Services Limited
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078 105 18812
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Taxman targets underpayments
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January 23, 2010

HMRC continues to target key people whom it considers likely to have underpaid tax in the past.  First was the well-publicised amnesty for overseas income.  Taxpayers were offered the chance to declare and pay tax on under-reported overseas income and escape serious penalties.  Now HMRC has launched a similar arrangement for medics, covering under-reported income over the past 20 years.  With access to information from NHS trusts, private practices and medical insurers, the taxman has the ability to challenge medical professionals who it thinks have underpaid their income tax. With the increasing  sophisitication of HMRC investigations, the taxman is clearly determined to keep chasing anyone who under-declares their tax liabilities.  Could you be next?