Hi all,
I have a dentist client who is about to start trading in practice.
His income is made up of NHS work in addition to private client work.
The approach was to incorporate - however, the NHS work cannot be transferred across to the company.
My approach therefore is to subcontract the supply of NHS work from my client personally to his limited company each month.
His ltd company would just raise a monthly invoice.
Although the ltd company would be vat registered and charge VAT on the private work, it would not need to charge VAT on the NHS work (being an exempt supply).
All expenses would then go through ltd company (payroll , medicine etc)
This approach would seem solid based on HMRC V City Fresh.
Comments would be much appreciated,
Thanks
Simpsonite
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