The Chancellor’s Budget this year may not have headline tax hikes, but the details matter especially for dental professionals. From frozen allowances to changes in dividends, pensions, property taxes, and business rates, here’s what you need to know. 1. Personal Allowances Frozen Until 2031 Originally due to unfreeze in 2028, personal allowances will now remain…
Today’s Budget is one of the most anticipated in recent years. While the headlines promise “no major tax rises”, the reality is more nuanced. The government faces a £30 billion fiscal gap, and with income tax, VAT, and National Insurance rates politically off-limits, expect a raft of smaller, targeted changes that could significantly affect dental…
Cosmetic dentistry and VAT are becoming a hot topic as more dentists move into facial aesthetics and non-surgical treatments like Botox and dermal fillers. While these services can boost revenue, they also bring VAT complications that HMRC is now looking at in more detail. If you’re a dentist offering cosmetic treatments, here’s what you need…
Understanding VAT Facial Aesthetics Has your facial aesthetics business temporarily exceeded the £90,000 VAT threshold? Perhaps due to a successful promotion or temporarily taking on another practitioner’s clients? If so, you may not need to register for VAT facial aesthetics. The “Exception to Registration” Option HMRC allows businesses that temporarily exceed the threshold to apply…
Facial Aesthetics VAT Planning for Dentists Here’s a helpful VAT planning tip for dentists who run a separate facial aesthetics business providing purely cosmetic treatments alongside their dentistry. If you haven’t registered for VAT yet and are concerned that registering and paying 20% VAT on your income could affect the fees you charge your patients…
Dental services are exempt from VAT, but a VAT case has just gone through the courts, highlighting that dentists providing facial aesthetics need to register for VAT when their treatments do not constitute medical care. This compliance is essential to avoid penalties for dentists providing facial aesthetics. The case involved Aesthetic-doctor.com Ltd (ADCL) v HMRC…