Medics Money podcast

← Medics Money podcast25 aug · 25 min

Ep 339: These tax tips can save Doctors £THOUSANDS in tax

Ep 339: These tax tips can save Doctors £THOUSANDS in tax25 aug25 min

You could save £thousands with our free guide - https://medicsmoney.co.uk/free-guide/

In this episode, Ed GP, chartered accountant and tax advisor) and Andy Pow (specialist medical accountant with 30+ years advising doctors) break down everything employed NHS doctors need to know about claiming tax relief on their work expenses — including the latest changes following the BMA–government agreement.

What's covered:

Which expenses qualify for tax relief: GMC fees, BMA membership, medical defence/indemnity, Royal College fees, NHS pension contributions, and eligible travelThe HMRC "wholly, exclusively and necessarily" test — and why it rules out CPD, conferences, and courses like ALS/ATLSHow much you could get back: up to 40% of qualifying expenses if you're a higher-rate taxpayerClaiming for up to 4 previous tax years — you can go back to April 2022New for English resident doctors: Exam fees reimbursed from April 2026; Royal College membership and portfolio fees from April 2027 — and what this means for your tax claimHow to make a claim via your HMRC Personal Tax Account (and the new step you can't miss to actually receive your refund)When you need to file a Self Assessment return instead

Download the Medics' Money Doctor's Tax Rebate Guide (30,000+ downloads) — link above.

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