What expenses can self-employed or locum pharmacists claim against tax?
Qualifying expenses include General Pharmaceutical Council (GPhC) registration fees, Royal Pharmaceutical Society (RPS) subscriptions, professional indemnity insurance (e.g., PDA), travel to non-permanent locum shifts, specialist reference materials, and required continuing professional development (CPD) courses.
Should a locum pharmacist operate as a sole trader or via a Limited Company?
This depends on your overall earnings, whether your locum agencies permit personal service companies (PSCs), and your IR35 status. We review your contract arrangements to recommend the most tax-efficient structure for your circumstances.
How is VAT handled for community pharmacies selling both prescriptions and retail items?
Prescription dispensing and zero-rated medical items are generally exempt or zero-rated for VAT, whereas over-the-counter retail products attract standard VAT. We set up partial exemption calculations to ensure you reclaim the maximum legitimate input VAT on business overheads.
Pharmacists
Our dedicated healthcare accounting team has extensive experience navigating the specific financial mechanics of the pharmacy sector.
