Different structures for commercial and tax efficiency

Friday, 3 July 2020

Most professions structure their business using corporate structures such as limited companies and LLPs, both to limit liability of the business owners but also for tax reasons, utilising the lower tax rates available in companies and giving much greater scope to plan taxable income.

NHS GP partners are one of the only professions left taxed at high rates on their earnings. This article from Moore Scarrott Healthcare, nationwide specialist medical accountants looks at the issues.