Health (un)professional

Are you a health professional who has not disclosed some or all of your consultancy income? Not very professional of you, but HMRC have issued notice of a new disclosure opportunity, limiting the penalty to 10%.

HMRC have apparently identified a gap between the consultancy payments made by health institutions and the income declared by consultants. If you miss the opportunity to ‘own up’ within the disclosure time limit the penalty will be, by implication, more than 10%. The clock is ticking!