Keep private work in your own name if
Fees are modest, you want one Self Assessment, and a company would cost more in filings than it saves. We still keep a proper fee book.
Solaratax Limited · Doctors and locums · Consultants
Consultants and hospital doctors — NHS pay, private practice and the company if you need one
A consultant file is often a trust salary, waiting-list extra sessions, private practice and a pension statement that triggers an annual allowance charge. We put those streams on the right returns and tell you if a limited company still helps once IR35 and the NHS job are in the picture.
Consultant files that need more than a P60
- Private practice still on a personal account with no fee ledger.
- A company that invoices the private hospital while the NHS job is full-time.
- Annual allowance letters filed in a drawer.
- Room hire, secretarial and indemnity mixed with household spending.
What we handle
- Self Assessment for private fees and extra sessions.
- Limited-company accounts where private practice sits in a company.
- Payroll if you employ a secretary or pay yourself a salary.
- A review of pension savings statements for the tax charge — not investment advice.
Private practice beside an NHS job
Fee books, practising privileges and room costs belong on the private side. The NHS job stays on PAYE. We do not bury private income in a trust P60, and we do not run private costs through the NHS expenses code. If you incorporate the private work, formation is £150 and the Locum & Medical package (or a quoted practice package) takes the company.
- Fee ledger and bank reconciliation for private work
- Room hire, secretary, indemnity and equipment on the private return or company
- VAT check — most clinical fees are exempt; cosmetic or mixed supplies may not be
- Director Self Assessment if you take dividends
Annual allowance and the tax charge
NHS pension growth can create an annual allowance charge even when you feel cash-poor. We work from the statements the scheme sends. Scheme Pays, carry forward and the tax return entries are accounting work. Whether you should change contribution rates or take other pension steps is a decision for you and, where needed, an independent financial adviser. We will not sell a product.
Waiting-list initiatives and extra sessions
Some extra sessions are PAYE. Some are invoiced. We treat them as they actually paid you, then put the total on the right return so the pensionable/non-pensionable split is not guessed in March.
Choose the structure that fits the work
Use a company if
Private turnover, staff or limited liability make a company the cleaner vehicle, and IR35 on any public work has been looked at. Formation is £150.
Questions people ask
Write to enquiries@solaratax.co.uk or call 01615 314179 before 3pm for a same-working-day reply.
Speak to a Solaratax accountant about a medical file
Locums, GPs, consultants and NHS pension forms. Named accountant. UK-wide by video.
Related services
Solaratax provides tax and accounting services across Manchester, London, and the UK. 128 City Road, London, EC1V 2NX. 01615 314179.
Send an enquiry
The same form as our contact page. Write to enquiries@solaratax.co.uk or call 01615 314179 if you would rather not use the form.
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