Until recently it was accepted by tax advisers and HMRC that medical services which protected, maintained or restored a patient’s health were exempt from VAT. However a tax case in 2013 altered this. The case found that when a doctor worked through an employment...
Whether an expense is an allowable deduction for tax purposes is dependent both on tax legislation and how this legislation is interpreted by the Courts. In January 2014 the decision in a case regarding a doctor’s travel expenses was released. The Samadian case...
Several umbrella companies are still offering ‘Contractor Loan Schemes’ also known as ‘Disguised Remuneration Schemes' to doctors. Often these arrangements are claimed to be ‘Approved Tax Schemes’ and offer doctors the opportunity to pay as little as 10% of their...
When you are just starting out as a self employed Locum it can be an busy time, getting used to a new way of working and new flexibility in working patterns and shifts, however it is important that you get your new status recognised by the HMRC and that you follow the...
Expenses for self-employed – any expenses must be incurred ‘wholly and exclusively for the purposes of the trade or profession’. Expenses for employees – the restrictions for expenses that can be claimed by an employee are much stricter. For an expense to be...
A sample letter to send to HMRC to claim early year expenses.
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