Tag Archives: HMRC

DH arguments, developing negotiating skills and resorting to a plastic hammer

By , Monday, 5 March 2012, Be the first to comment
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It is interesting to reflect back on our developing negotiating skills. I have seen a cine film of me at age 15 months clubbing cousin Paul with a plastic toy hammer to get to chew on his rusk with some success. Read more »

HMRC ruling on paying tax on mobile phones and smartphones

By , Tuesday, 28 February 2012, Be the first to comment
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One of the many joys of being a partner or a locum, is that you are in most cases deemed self employed by HMRC and you don’t need to worry about the complicated rules of National Insurance and benefits in kind for ourselves.

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Tax crackdown change means GPs don’t know where they stand

By , Tuesday, 10 January 2012, Be the first to comment
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We all like to know where we stand. For example, if you book a restaurant table in the UK for a certain time, you expect to be sitting at your table by the time of your reservation. In the USA on the other hand, if you book a restaurant at a certain time, you can expect to be seated when the next available table becomes clear, which could take 10 minutes, half an hour, or if is it a Brazilian restaurant in Fort Lauderdale, possibly never. Read more »

All the world’s a stage and all the GPs merely players

By , Monday, 28 November 2011, Be the first to comment
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A client of mine has endured one of those full HMRC investigations – one of those where HMRC don’t take anything for granted.

The client had to produce their bank statements, cheque books and paying-in books, and had to justify where they get cash from, and whether or not the profits declared support the style of living that HMRC determine the client has. This particular investigation started a year ago, ended this week and now it is over I am struck how similar this enquiry is to a dramatic play. Read more »

Keeping accounting records for tax investigations

By , Tuesday, 11 October 2011, Be the first to comment
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A recently qualified GP came to see me last week and since she has now started working as a self employed locum, she wanted to know how her tax was dealt with. We went through the usual payment dates, the best way to record income and expenses, and then she asked a relatively straightforward question: how long should she keep her accounting records?

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Deciphering the concept of duality for tax purposes

By , Tuesday, 13 September 2011, Be the first to comment
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My son Matthew graduated from University this year and has spent the summer working in the Lake District. Last week, I was visiting clients in the north-west, and so took the opportunity of meeting up with Matthew and spending a day hiking.

Just to be reassuringly consistent, the Lakes kept up their 100% record of giving us foul weather to contend with. So awful, my waterproof clothes surrendered to the might of heavy showers and gales force winds.

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When £70,000 is really £80,000 (or £79,800!)

By , Tuesday, 6 September 2011, Be the first to comment
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Accountants are sometime described as inventive and creative, as well as the usual comments concerning dark corners and parties. However, as an experience this week shows, some playing with figures is needed to ensure a new partner gets what she was expecting.

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Tax amnesty: how GPs should deal with undeclared income

By , Tuesday, 30 August 2011, Be the first to comment
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A few weeks ago, I was in the florist in Cockfosters (really excellent florist) when I was tapped on the shoulder by an old friend, a doctor who now works for a drug company.

He wanted to tell me that his company had received a letter from HMRC and asked to provide details of payments to doctors in the last few years, and of course they obliged.

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