Who is the THP aimed at?
The THP is aimed at those who have got their tax wrong – whether they have made mistakes, failed to take reasonable care or evaded tax. It covers ALL areas of taxation for health professionals, including claims for expenses such as wife’s wages. So if you have been estimating these figures and do not have accurate records to back this up, you may need to take advice. 2. Do HMRC know who should be making a disclosure? HMRC have extensive information powers, which their Risk Intelligence Service has used to obtain information from third parties about payments made by NHS trusts, private hospitals and medical insurers. This information, together with information gained from investigations of other dental practices and consultants, enables them to identify those health professionals whose figures are out of the norm. 3. Is the THP a good deal? It may be a good way to sort out any historical issues, whether serious or simple, depending on your circumstances. The fixed 10% penalty is low. Pe
