Tax Enquiry Protection for Locums

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    Home » Services » Locums » Tax Enquiry Protection for Locums

    Safeguarding Locum GPs from Tax Scrutiny

    Locum GPs, with the increased HMRC focus on your work, particularly regarding off-payroll rules, contractor loan schemes, and VAT, it’s crucial to have robust tax enquiry protection in place.

    Navigating HMRC Investigations for Locums

    If faced with a tax enquiry, our experienced team at Nichols Medical Accountants ensures that your case is managed effectively, minimising potential financial and administrative burdens.

    The Advantages of Tax Enquiry Insurance for Locums

    While being tax-compliant, unexpected HMRC enquiries can occur. Our tax enquiry protection service for locums is designed to cover professional fees and provide comprehensive support throughout the investigation process.

    • Coverage for professional fees during tax enquiries.
    • Expert management of your case from start to finish.
    • Assurance of the best possible outcome for locum GPs.

    Comprehensive Support for Locum GPs

    Our insurance service for locums offers peace of mind. Should HMRC initiate an enquiry, we’ll allocate the necessary resources to defend and resolve your case, aiming for a favourable resolution.

    Looking for an answer to a question?

    Frequently Asked Questions

    We understand that you might have lots of questions when looking for an accountant. For this reason, we have compiled a list of frequently asked questions for you, which we hope will be helpful. However, if you have any further questions, please contact us.

    Why are locum GPs at risk of tax investigations by HMRC?

    HMRC targets locum work as a high-risk area, focusing on compliance with off-payroll working rules and IR35. The use of ‘Contractor Loan’ schemes and the careful scrutiny of business expense claims post-‘Samadian’ case have put locums under HMRC’s radar, including assessments for VAT.

    What can locum GPs do to protect against costly tax investigations?

    Locum GPs are advised to secure tax enquiry protection insurance. This coverage is designed to handle professional fees incurred during tax investigations, ensuring that even if no extra tax is owed, the burden of the investigation process is mitigated.

    If I have paid all my taxes, do I still need tax enquiry protection?

    Yes, even if all taxes are paid correctly, the administrative cost of dealing with a tax investigation can be substantial. Tax enquiry protection insurance covers these costs, relieving the stress and workload of responding to HMRC’s inquiries.

    How does tax enquiry protection insurance work for locums?

    For an annual premium, the insurance allows Nichols Medical Accountants to represent locum GPs during tax investigations, dedicating the necessary time to achieve the most favourable result without additional financial stress.

    What is the benefit of taking out tax enquiry protection insurance?

    The primary benefit is financial security. It ensures that locum GPs have expert support without the concern of escalating costs during an investigation. It’s a proactive measure to protect against the uncertainty of HMRC reviews.

    We have received an excellent service since we moved to Nichols & Co. The transition has been the most hassle-free and transparent. They are always very helpful with any queries you might have and have a very good working knowledge of General Practice and are keenly aware of the challenges Practices face within the changing environment of the NHS.
    We have been very impressed by the way Nichols & Co continue to deliver the range of services they provide from Accounts to Tax and NHS Pension advice.

    At the year-end meetings, the accounts are presented in an understandable format without any unnecessary jargons. We have found Practice consultation and advice on Practice as well as personal tax matters from Nichols & Co specifically helpful.
    We would not hesitate to recommend them to other GP Practices.

    Dr William Jasper, GP Partner

    I am a GP who works both in salaried and sessional roles. I have been with Nichols & Co for nearly three years. They have helped with my tax returns and can help with the range of different forms required in GP work. Danny and Shadmir have been accurate and efficient in their advice and guidance throughout. They have also been helpful and responsive when I have needed advice on the purchase of a car and also when looking to prove my income in order to get a mortgage.

    The system for providing income details and expenses is very easy to use and the summary they provide of how and when to pay your tax could not be clearer. I would recommend Nichols & Co to any colleague looking for an accountant with a good knowledge of GP work. 

    Dr C DeSouza, Salaried GP

    I’ve been with Nichols and Co for nearly 10 years with Debra being my accountant. I first contacted them when I received letters for tax arrears due to the wrong tax codes being applied during my hospital jobs.

    Debra sorted this matter out and has always provided helpful and honest advice regarding tax matters. She has also helped my wife with her tax returns. I would definitely recommend their services for accounting matters with a special interest in helping doctors with their tax affairs. They are approachable, helpful and efficient.

    Dr Ravi Bansal, Locum GP
    Get in touch
    Contact us for specialist medical accountancy services for Locums

    If you’re looking to plan your finances for the future or trying to find an answer to a problem then get in touch today.

    Telephone: 020 8850 3300

    We’re open from 9am to 5pm Monday to Friday. We are closed on bank holidays.

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