Whether you are thinking of selling your flat or maintaining the value of your investment you may be wondering whether it is a good time to extend your lease. Where you have owned your flat for 2 years on a long lease (such as a 99 year term) you are likely...

HMRC to Target Medical Professionals

HMRC have recently announced that they are intending to target doctors and dentists, using information obtained from sources such as Health Trusts and private hospitals. This follows a recent 'disclosure window' giving medical professionals the chance to declare previously undisclosed income, which will be dealt with on a concessionary basis involving lower than normal penalties. The deadline for notifying HMRC of an intention to make a disclosure (31 March) has now passed, and the disclosure forms must be submitted to HMRC by 30 June.

The HMRC Microsite for medical professionals has further information on the recent concession and the action HMRC will subsequently be taking.

HMRC will also continue to target employers who do not adhere to minimum wage regulations, and are currently focusing on employers which use migrant labour and pay workers less than the minimum wage in order to undercut their competitors. Click here for further information on this inititative.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.