Accountants for Doctors & GPs

There is no general requirement for doctors and GPs to use an accountant who works exclusively with medical professionals.

However, an accountant familiar with healthcare-related income arrangements, professional expenses and tax reporting can provide useful support where a doctor’s finances are more complex.

Not every NHS doctor needs to complete Self Assessment.

A doctor whose only income is employment income taxed through PAYE may not need to file a return. However, additional self-employed income, other untaxed income or specific HMRC requirements can create a filing obligation.

The position depends on the individual’s circumstances and the applicable reporting rules.

Doctors may be entitled to tax relief for qualifying professional expenses, depending on whether the expenses relate to employment or self-employment.

Potentially relevant costs can include certain professional subscriptions, insurance and other work-related expenditure, subject to the applicable conditions.

The rules differ between employees and self-employed professionals, so each expense should be assessed individually.

Private medical income may be taxable as self-employment income, employment income or company income, depending on the working arrangements and business structure.

The appropriate treatment depends on the facts, including contractual arrangements, the nature of the work and how the income is received.

Accurate records are important to ensure income is reported correctly.

A limited company is not automatically the most suitable arrangement for every doctor.

The decision depends on employment status, contractual terms, tax implications, administrative responsibilities, professional restrictions and commercial objectives.

Before choosing a structure, it’s important to review how the medical work is carried out and whether the proposed arrangement is appropriate.

Many services provided by appropriately registered medical professionals are VAT-exempt when their primary purpose is protecting, maintaining or restoring a patient’s health.

However, not all medical-related services qualify. Some reports, administrative services and other activities may be taxable.

VAT treatment depends on the nature of the service, its purpose and the applicable rules.

Yes. Accounting People can help doctors organise their records, identify relevant accounting and tax requirements and prepare applicable returns where they receive income from different professional activities.

The services required will depend on how the income is earned and the individual’s circumstances.

Yes. If you’re considering changing accountants, we can explain the process and help coordinate the transfer of the relevant financial information, subject to your authorisation.

We’ll also discuss upcoming tax deadlines and the accounting support you require.