Posts Tagged ‘Tax’

Doctors’ training costs: are they tax deductible?

Doctors often wonder whether training costs are tax deductible. HM Revenue and Customs state that a deduction for training costs incurred by an employee w...

VAT guidance implications for medical companies

New guidance suggests that supplying medical services via a company may no longer be VAT exempt. The guidance in VAT notice 701/57 states that if you are ...

1,000 doctors and dentists targeted over tax evasion

The tax authorities have launched “civil investigations” against medical professionals after intelligence suggested widespread abuse. In some cases ...

A column as controversial as a non-emergency phone line

Jobs for the boys So, more than 25 senior DoH staff have their salaries paid to limited companies, in order to avoid minimize their tax burden? Very nice ...

Department of Health apologises over staff tax deals

The Department of Health has apologised after documents sent to the Guardian showed that contrary to assurances given to parliament, more than 25 senior st...

When can a consultant claim for their threads?

A common gripe amongst hospital consultants is that they are not entitled to tax relief on the cost of their daily clothes. The basis for such treatment go...

When’s a payment an honorarium and tax exempt?

There is a type of payment that is becoming common to consultants - the honorarium. An honorarium is a payment that is made without expectation or oblig...

Pros and cons of trading as a limited company

Over the last few months the telephone has not stopped ringing with the same question being posed to me. “I have heard from one of my colleagues that if...

Annual tax returns – submit, or not submit?

If you have a private practice, you will need to submit annual tax returns. If, however, you rely solely on your NHS salary, you may have received a che...

Private practitioners should check NI payments

If you are a NHS consultant with a private practice, the next time you look at your bank statement you might like to check for payments of £9.60 every fou...

Don’t be confused by the Revenue’s tax codings

All of us who work for a salary have a PAYE code which is, in theory, a way of making sure we all pay the correct amount of tax each month by deduction fro...