The Health and Wellbeing Tax Plan: Late Disclosures
Launched on 7 October 2013, The Health and Wellbeing Tax Plan was designed as a voluntary disclosure opportunity to allow health and wellbeing professionals with income or gains not yet disclosed to HMRC to make a full disclosure by 6 April 2014 to bring their tax affairs up to date.
HMRC provided ample literature regarding their Health and Wellbeing Tax Plan ahead of its launch and during the period in which health and wellbeing professionals could benefit from it. It was made clear that should you have undisclosed income or gains, and you choose not to take part in the voluntary disclosure opportunity, if HMRC later find out about your undisclosed income or gains any penalty you receive would be significantly higher.
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