Posts Tagged ‘Tax’

Public say they’re prepared to pay more tax to better support the NHS

Nearly two thirds of Britons are ready to pay more tax to bail out the NHS, a British Social Attitudes survey reveals. The research finds widespread con...

How can doctors make the most of tax allowances at the end of the financial year?

While it can seem a daunting task, successfully managing and making the most of your tax allowances can potentially save you thousands of pounds each year....

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...