What expenses can a locum dentist claim?
A locum dentist is basically a self-employed dentist i.e. one who works for themself instead of being employed by a practice. And what with the growth of the gig economy and short-term work platforms, the popularity of locum professionals is ever-growing.
Locum dentist tax implications
As part of the self-employed workforce, you’re responsible for paying tax yourself at the end of each tax year. There are three steps to this:
- Declare your self-employed income to HMRC by registering for Self Assessment
- Record all of your income and expenses each year between 6th April-5th April
- File your tax return
The tax you owe depends on what you earn. Here are this tax year’s Income Tax rates:
|Up to £12,500||0%||Personal allowance|
|£12,501 to £50,000||20%||Basic rate|
|£50,000 to £150,000||40%||Higher rate|
|over £150,000||45%||Additional rate|
Calculate exactly what you owe with our self-employed tax calculator.
What expenses can I deduct?
As a general rule, if you spend on your locum dentist business, you can expense it back to reduce your tax bill. But make sure this is within reason!
Here’s a list of allowable expenses if you’re a locum dentist:
- General Dental Council fees
- Accounting and legal costs
- Admin costs (e.g. dental magazines, printing, stationery)
- Equipment (e.g. goggles, overalls)
- Training (continued personal development – not initial qualification training costs)
- Marketing costs
- Subscription costs (e.g. to the British Dental Association)
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