Kevin Reed, Accountancy Age, Thursday 22 July 2010 at 15:56:00

HMRC reveals only 1,500 of 28,500 potential health professionals have taken advantage of favourable tax penalties to disclose untaxed income

Only 1,500 doctors and dentists have applied to enter the taxman's scheme to declare 9m of untaxed income.

The taxman believes there are a potential 28,500 GPs, dentists and health professionals who have undeclared earnings. The deadline for the Tax Health Plan expired on 30 June, and provides a set 10% penalty in return for disclosure.

"We are surprised at the lack of response and those wanting to bypass the threat of prosecution should come forward immediately," said RSM Tenon tax director and CIoT's taxes management committee chairman Gary Ashford.

"This is the first of HMRC?s sector focused schemes so we imagine the next one may look a little different to try to increase its effectiveness," he added.

The highest value disclosure so far is in excess of 1m by a doctor, and more than 300,000 from a dentist.

Further reading:

Dentists included in doctors' amnesty plan

Doctors' tax amnesty 'unfair'