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Tag: Tax

Is your doctors tax code correct?

Is your doctors tax code correct? by Dr Ed Cantelo GP Trainee, Chartered Accountant and Chartered Tax Advisor Understanding your 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 part of […]

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Tax saving tips for doctors – 5 tips to increase doctors pay.

Tax saving tips for doctors – 5 tips to increase doctors pay. by Dr Tommy Perkins, GP and Medics’ Money founder With doctors pay falling by up to 30% in real terms over the last decade*, an often overlooked way to increase your take home pay is by working tax efficiently. Ed, Medics’ Moneys Chartered […]

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HMRC Personal Tax Account – step by step guide for doctors

This step by step guide to setting up a HMRC Personal Tax Account which will allow doctors to claim a tax rebate on expenses such as GMC BMA MDU MPS and exam fees. Here we show you how to set up your Personal Tax Account with HMRC. Once setup you can download our step by […]

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