Photo: GettyProposed changes in the tax treatment of General Medical Services (GMS) income of general practitioners (GPs) could impact medical card services and patient care for more than 500,000 people, a key accountancy body has warned. The umbrella body, which represents the main accountancy bodies in Ireland, said that it is “concerned that the commercial impracticalities of the proposed tax treatment will not only affect the individual GP’s tax position but will ultimately impact patient services. “The real impact could be felt immediately, causing widespread disruption and real impact on patient care,” wrote CCAB-I chair Enda Faughnan. The tax treatment changes proposed by Revenue will have particular relevance to medical practices with a number of GPs where the GMS contract is held by just one GP. Rather the contract holder is responsible for the tax on the GMS income,” said the briefing note.

Source: Irish Independent October 29, 2023 07:04 UTC