Tax surprises – something you don’t want!

14th May 2012 by Liz Densley

In recent years the Revenue have updated their computer systems and are able to tie up payroll returns to individual taxpayers much better. We’ve seen a large number of doctors in recent months who have not been required to complete tax returns, but who have received notifications of, usually, underpayments for past years which have come as a complete shock to them.

So what do you do if you receive one of these calculations? Either consult a professional – or if you feel confident that you can check it yourself, check it – do not just ignore it. Frequently it will be a case of a P45 not following correctly between employments, or concurrent employments not having been taxed correctly. If you have not made a claim for professional subscriptions now is the time to do so, as it will reduce an underpayment.

If you think you may fall within the ‘Bannerjee’ case – if you have a training contract, a training number and your employment is predominantly to train (rather than to practice medicine) – then you may be able to claim training costs.

Join

Join to view the rest of this content, as well as access all the benefits of joining NASGP.

Join

Login

Already a member? Login to view this content.

Login

"I started working as a locum GP in January this year and NASGP have been invaluable in helping to co-ordinate my bookings and organise all the administrative aspects of sessional work which can be complex and time consuming. Their client support is outstanding and they have always resolved any queries promptly and personally. They care about the service they provide and I would not hesitate to recommend them to any sessional GPs who want to minimise time spent on administration and focus on providing patients with high quality care."

Dr Paul Riley, Locum GP

Dr Paul Riley, Locum GP

See the full list of features within our NASGP membership plans

Membership