The Minister for Finance intends to introduce an amendment at Report Stage of the Finance (No. 2) Bill 2023 to provide that, where individual General Practitioners (GPs) enter into General Medical Service (GMS) contracts with the HSE and provide those services in the conduct of a partnership profession with other individual GPs, that income can be treated for income tax purposes as income of the partnership. The proposed amendment, which the Institute under the auspices of the CCAB-I, has lobbied extensively for, reverses the proposal to treat such income as solely income of the individual partner from 1 January 2024.
While the proposed amendment is subject to Cabinet approval, Revenue has published a revised Tax and Duty Manual to provide guidance on the correct tax treatment of income received by medical practitioners under the GMS contract entered into with the HSE, taking into account the proposed amendment.
While the proposed amendment does not extend to employed GPs, we are pleased to see the change as it relates to individual partners. Readers will be aware that CCAB-I, has engaged extensively with Revenue and the Department of Finance on this matter over the last two years. For further information see eBrief no.237/23.
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