Doctors Accounting
UK doctors — whether GPs, consultants, or hospital specialists — face complex tax positions from multiple income sources including NHS salary, private consultations, medico-legal work, and academic roles. The NHS Pension Scheme's annual allowance and tapered annual allowance rules can create unexpected tax charges, while multi-location practices require careful expense allocation.
Our doctors accounting services handle multi-source income reporting, NHS pension annual allowance calculations and scheme pays elections, BMA-recommended expense claims, practice partnership accounting, locum and private work income tracking, and Self Assessment return preparation. We help UK doctors navigate their unique tax obligations and maximise legitimate deductions.
What's Included
Comprehensive services tailored to your industry needs
Industry-Specific UK Expertise
Key UK Challenges
Complexities you face
- Tracking income across multiple employers — NHS trusts, private hospitals, medico-legal agencies, and universities
- Understanding NHS Pension annual allowance charges — particularly for consultants with significant pension growth
- Claiming BMA-agreed professional expenses as employed NHS doctors (GMC fees, MDU/MPS subscriptions, exam fees)
- Managing GP practice partnership accounts including drawings, capital accounts, and property ownership
- Handling the transition between training grades and consultant contracts with different tax implications
- Reporting and paying tax on private practice income alongside PAYE employment income
Tax Considerations
HMRC rules & reliefs
- NHS Pension annual allowance — £60,000 standard, tapered to £10,000 for high earners
- Pension growth — measured by comparing opening and closing pension values, not just contributions
- BMA-recommended expenses — agreed deductions for employed doctors include GMC, MDU/MPS, Royal College fees
- Private practice — income taxed via Self Assessment alongside NHS PAYE income
- Medico-legal income — typically self-employed income requiring separate expense tracking
- Student loan repayments — Plan 1 or Plan 2 repayments on combined NHS and private income
How We Help
Our tailored solutions
- Annual allowance calculations for NHS Pension with growth analysis and charge estimation
- Scheme Pays vs personal payment analysis for annual allowance tax charges
- BMA expense schedule preparation for claiming against NHS employment income
- GP partnership accounting including profit allocation and partner capital management
- Self Assessment returns covering NHS salary, private practice, medico-legal, and academic income
- Tax planning to optimise pension contributions, charitable giving, and other reliefs
Ready to Simplify Your Doctors Finances?
Get a free consultation with our industry specialists and discover how we can help your business thrive.
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