Medical profession tax investigations

We have been advised that HMRC has identified ‘upwards’ of 800 hospital consultants to be investigated in 2010.  Up until now the motor and travel expense claims have been the primary risk areas identified by HMRC, but the emphasis will change next year.

HMRC has issued formal notices to BUPA, Sun Life and other institutions who pay commission to hospital consultants to identify enquiry cases where the commissions appear to have either been understated or omitted from Tax Returns.

We understand an amnesty may be offered, similar to that available to offshore bank account holders, but watch this space.