Are NHS dental payments subject to VAT?
NHS and private dental services are VAT-exempt as medical services. Non-medical retail products sold by the practice (e.g. whitening kits) may be subject to standard-rate VAT.
Should a dental associate operate as a sole trader or through a limited company?
Sole trader is simpler initially, but a limited company becomes more tax-efficient above ~£50,000–£60,000 profit. NHS pension implications must be considered before incorporating.
What dental-specific tax reliefs can dentists claim?
Dentists can claim capital allowances on equipment, plus expenses for indemnity insurance, GDC fees, CPD, and clinical supplies. Limited company structures offer additional Corporation Tax and pension planning opportunities.
CIS
By speaking with one of our accountants, you can achieve more than just reducing the deductions the main contractors make.
Bookkeeping
Accounting and bookkeeping are important, but they don’t have to be a hassle.
Self Employment
Providing the latest updates to sole traders and adjusting services as necessary, Durrani & Co can assist your business in succeeding.
Self Assessment
We offer a full personal tax compliance service where we can assist you in preparing and submitting your self-assessment tax return on time.
VAT
Taxes like value added tax (VAT) are complex and demanding on businesses – so complicated most businesses accidentally overpay or underpay VAT. Simply put, it’s a bit of a hassle.
Company Secretarial
As a business owner, the last thing you need is to use up valuable resources ensuring you’re compliant with the Companies Act.
Company Formation
Registering a company is exciting, but its also a major part in laying the first foundations of your company and there’s more to consider than just buying a cheap ready made company on the internet!
Accounts
We’ll handle your accounts, hitting all your statutory deadlines and giving you the clarity you need to maintain your business.
Locums
We have been assisting GP’s, Consultant Doctors, Nurses and Technicians working throughout the NHS and private medical organizations for over 4 decades, so know your accounts and tax affairs in capable hands while we make sure you remain compliant taking home as much of your income as possible.
