Tax Enquiry Protection for Salaried GPs
HMRC have got doctors in their sights!
They consider salaried doctors completing locum work to be a high risk area. They focus on limited companies and carefully check compliance with the ‘off–payroll’ working rules IR 35. They are concerned by the use of Contractor Loan Schemes by locums and scrutinise carefully business expense claims after tax cases such as ‘Samadian’
Should I take insurance against a costly tax investigation?
As a measure of our concern about the increased frequency and cost of tax investigations we recommend insurance to meet the cost of professional fees which are incurred in any tax investigation.
If a salaried GP has a tax investigation, we will deal with the matter to ensure that the outcome is as favourable as possible.
Even if there is no extra tax to pay, there are still costs to pay…
Even if the result is that no extra tax is payable, there will still be significant additional costs to meet. Just responding to the HMRC enquiries and making available the information they may demand will cause additional work.
We therefore recommend that all our salaried GP clients take up our tax investigation insurance.
For an annual subscription the insurance will enable us to dedicate as much time as necessary to get the best result for the salaried GP.
If you have a tax investigation by HMRC then we will deal with the matter from the initial enquiries right through to resolution and ensure that the outcome is as favourable as possible to you.
Protect yourself today, contact us for more details of this insurance.