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We asked David Elliot, Tax Director from specialist medical accountants BW Medical Ltd to tell us what financial records to keep and how to pay any tax bills. What records do I need to keep for my Tax return? It is vital to keep records in the event that HMRC may open an enquiry into your […]
Locums beware, if it sounds too good to be true…… Tax avoidance or tax evasion?! Working through an agency for Locum work is a path many new Doctors take, but there are a few questions that should be asked if you think the agency employing you might be using a “loan scheme” or “disguised renumeration […]
Is your doctors tax code correct? by Dr Ed Cantelo GP Trainee, Chartered Accountant and Chartered Tax Advisor Understanding your doctors tax code Your tax code is calculated by HM Revenue and Customs or “HMRC” and is used by your trust’s payroll to determine how much income tax you should pay. In the first […]
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