Healthcare professionals can claim professional expenses like GMC fees, indemnity insurance, and CPD courses going back four years. Andy Egwim walks through what you can deduct and warns not to wait until April 5th to file.
Number two not claiming tax relief on professional expenses. Man, are you claiming back your GMC fees, indemnity insurance, bma, CPD courses, exam fees, work related travel, even replacing equipment? This could add up in several thousands of pounds, especially when you consider the fact that you can actually claim four years back, including the current taxes. So don't wait till April 5th. Fix it now. If you're not sure how to start, we made a simple step by step guide PDF you can download with an accompanying video that can help you claim several thousands of pounds back. If you want a deep dive into these tax areas, join my tax hack X Ray Challenge for Doctors and Healthcare Professionals. It will be a two hour session where we use a fine tooth comb to go over all the tax areas and more and compare lists checklists before April 1st.
