If you're a GP, dentist, physiotherapist, or any medical professional juggling patient care and business responsibilities in the UK, you probably don¡¯t have enough time for admin, let alone tax planning. But tax issues don¡¯t go away just because your schedule is full. That¡¯s why it pays to get help where it matters. Medical accountants in London know exactly where you can underpay or overpay, or trigger penalties without realising it.
Taxes you¡¯re probably already paying (and a few you might be missing)
If you're employed through the NHS or a private clinic, income tax and National Insurance are handled via PAYE. But if you do any self-employed work on the side (locum shifts, private appointments, consultancy), you¡¯re responsible for filing that income yourself.
Here¡¯s what else could apply depending on how your work is structured:
?VAT ¨C Most healthcare is exempt, but if you provide non-medical services (e.g. cosmetic treatments, mobility products), you may need to register.
?Business rates ¨C If you own or rent your own clinic space, you're likely paying these already¡ªor should be.
?Capital gains and council tax ¨C Less common, but still relevant depending on your property and investment situation.
Tax systems weren¡¯t designed with 12-hour shifts and packed rotas in mind. Medical accountants in London often help clients clean up inconsistent records and fix registration gaps, as well as sort out confusing mixes of personal and business finances.
The reliefs you don¡¯t want to leave on the table
Many medical professionals don¡¯t claim everything they¡¯re entitled to, sometimes because they don't know what's allowed, and sometimes it's because their accountant never asked.
Commonly missed areas:
?GMC, GDC, or HCPC fees
?Professional indemnity insurance
?Work-only travel costs and mileage
?Uniforms or protective clothing (not everyday clothes)
?Some CPD and training expenses
If you¡¯ve already spent the money, you might as well claim the relief. Just make sure you keep records that show how and why the expense was necessary for your work.
What good support looks like
The best medical accountants in London build systems around how you actually work. That might mean setting up tools that don¡¯t get in your way, or adjusting your structure (like switching to a limited company) if it means better long-term outcomes. They should also flag deadlines well in advance and monitor changes in tax law that affect your profession.
At Allenby Accountants, we work closely with medical professionals across London, from busy GPs to private physiotherapists and consultants building side practices. We understand your schedule, your pressures, and your tax responsibilities, so we help you stay compliant and make the most of your income without adding more to your plate. Call us today on 0208 914 8887 to speak with our team and see how we work.
