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I am considering taking Medico-legal work as part of my Private Practice, what should I be aware of?
In terms of the billing there are some things you need to be aware of.
We are often aware that this particular type of expertise attracts premium charge rates.
You will enter into different agreements with different companies, some will be solicitors, some will be agencies and some may even be Insurance Companies.
Each will have their own terms and conditions, and you should be aware of them before you sign a contract.
Some Terms and Conditions that we are aware of are
- your invoice gets paid when the case gets settled. This could be years after you have delivered your service.
- Your invoice gets settled after a specified period of time.
- Your invoice gets settled if their client wins their case.
- You cannot approach their client for payment (the person who you treated or assessed), as it was the company that instructed you
Be aware that while you are waiting for payment, that some of the these companies have, in the past, ceased trading.
I have been asked for a VAT registration number for my Medico-Legal work. Why do I need to supply that?
Medico-Legal work is not exempt from VAT, but you do not have to register unless your Medico-Legal income exceeds the VAT threshold.
You should check with your Accountant, as this threshold and the rules are subject to change.
If you are VAT registered, then you must display your VAT registration number on your invoice.
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