Doctors/Locum Work

Locum doctors could suffer income tax at 40%, superannuation contributions at 7.5% and national insurance at 8% (total 55.5%).

 

Did you know that you could save a significant amount of money in tax and national insurance each year by considering which legal structure is most tax appropriate for your trade.You could choose from two main legal structures:-

 

  • Sole Trader

  • Limited Company

 

Choosing the most appropriate legal structure could allow a locum doctor to achieve the following:-

 

  • Income will be taxed at 20% rather than 40%

  • Reduce national insurance contributions

  • Claim relevant work related expenses which will reduce your tax bill further

 

 

Dependant on your circumstances we can identify which legal structure would best suited for you. Please call one of our experts to discuss what options are available to you.

Why should I change my legal structure?

 

By changing the legal structure you can achieve the following:-

 

Claim relevant work related expenses to reduce your tax liability.

Pay tax at 20% rather than 40%

Reduce your national insurance contributions

 

 

What do we offer?

 

Simply give us a call on 01438 313111 to discuss your circumstances so that we can identify which legal structure is best suited to your trade. 

 

Once we have identified the appropriate legal structure for your circumstances, with your permission we will then proceed to register you with the relevant bodies such as Companies House and HM Revenue & Customs.

 

Once your legal structure has changed,we ask that you provide us with your expenses on a monthly basis so that we are able to produce a set of accounts on your behalf.

 

If you require advice and assistance in changing your legal structure but do not wish to use our accounting services, still feel free to contact us for anything you may need help with.

 

 

Still Unsure?

 

We offer Free Advice & Consultations to Everyone, so you have nothing to lose by contacting one of our specialists today.

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Accounting & Taxation Services For Locum Doctors

 

Here at My Uniform Rebate our specialist team provide a wide range of accounting and taxation services which include the following:-.

 

  • Prepare of annual accounts

  • Prepare Tax computations

  • Prepare Tax Returns

  • Provide FREE advice and offer FREE consultations to EVERYONE at all times.

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Request A Call Back

To Schedule An Appointment

Call 01438 313111​

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