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tax return

Hello!

i am a doctor and I would like to claim back professional fees. I was told by a colleague that i could claim my GMC fees (I`ve been paying for 2.7 years) and also that I could claim back for courses, conferences, exams fees, medical books. these are more than 2500£ in the last year. Is this true?
Thank you.:)

Comments

  • what is your employment status?
  • newbie1980
    newbie1980 Posts: 2,016 Forumite
    Part of the Furniture Combo Breaker
    you can only claim the tax paid on these items but will be 20/40% of any fees paid
    speak with your union or similar and they will have the correct forms
    or ring tax office they will also be abl;e to help you
  • Notmyrealname
    Notmyrealname Posts: 4,003 Forumite
    edited 16 June 2012 at 3:52PM
    what is your employment status?

    That has absolutely no relevance.

    To the OP:

    You can claim for fees required to be paid to be a member of a professional body such as the GMC.

    You can only claim for courses and associated material that you need to do to maintain your current position such as something that you need to be re-certified on every 5 years. You cannot claim the cost of courses and materials which are done for improvement, i.e taking a higher level degree.

    You can claim a subsistence allowance when attending conferences plus the travel and accommodation.

    You do all of this at the end of each tax year via a P87, Expenses in Employment form which you can download from the HMRC website.

    How much you get refunded depends on what tax band you're in. Basically the expenses are taken off your gross income and the tax due in that tax year recalculated. You are then refunded the difference between what you've already paid in tax on your income and what you should have paid with the deductions. In effect you get either 20% or 40% of what you claim back if you've earned sufficient over the minimum level of each tax band to cover the amount claimed.
  • psychic and rude and dismissive! You are multi talented and answering a question not directed at you. Perhaps you could remember there are real people behind each posting and have some manners please.
This discussion has been closed.
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