Online tax advice for dentists
An online tax guide designed specially for dentists has been launched.
Dentists tax guide
HM Revenue and Customs (HMRC) has produced the Tax for Dentists guide to help dentists understand their tax liabilities.
皇冠体育app guide includes:
- an overview of tax, National Insurance contributions and VAT
- help for the newly-qualified
- information on employing staff
- guidance on keeping business records
- business expenses
- help with completing tax returns
- information on paying HMRC
皇冠体育app guidance takes between one and two hours to complete. You can at your own pace and at a time that suits you.
HMRC鈥檚 Mike Purvis said:
皇冠体育app e-learning tutorial is available online so that dentists can read it in their own time, when it is convenient. It鈥檚 in small sections, so doesn鈥檛 need to be read all at once. Dentists can read as little or as much as they like, and return to it as often as they need to, whenever it suits them.
Dentists need to understand their tax liabilities and will find these guides particularly helpful if they are becoming self-employed or treating private patients for the first time.
Marian Wilson, head of HMRC鈥檚 Campaigns, said:
We use what we learn from our campaigns to help develop new educational packages for the groups we target, to make sure people can get it right in the future by not repeating the mistakes made by others.
More than 拢10 million in unpaid tax and penalties has been paid voluntarily by over 1,500 medical professionals who used an HMRC campaign disclosure opportunity for dentists and doctors. This included a dentist who paid more than 拢300,000 and a doctor who paid more than 拢1 million.
To help new and small businesses, HMRC is running a Twitter Q&A on tax. To take part or ask a question, businesses should follow on Twitter and use hashtag #biztaxhelp.