An online tax guide aimed specifically at dentists has been launched by HMRC. The guidance includes ; an overview of tax, material about National Insurance contributions and VAT, help for newly-qualified dentists, information on employing staff ,guidance on keeping business records, help regarding business expenses, support with completing tax returns and information on paying HMRC.
The tax guide takes the form of an e-learning tutorial and has been designed as such so that dentists can access and read it in their own time. It does not have to be completed in one sitting and is reported to take one to two hours to complete.
HMRC’s Mike Purvis explained;
“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.”
Head of HMRC’s Campaigns, Marian Wilson, describes how HMRC use campaigns;
“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.”
The tax guide for dentists is available at; http://www.hmrc.gov.uk/courses/syob2/thp_d/index.htm.
HMRC is also offering further advice and support during question and answer sessions on Twitter. This week the session is focused on tax matters for new and small business. To take part or ask a question, businesses are asked to follow @HMRCgovuk on Twitter and use hashtag #biztaxhelp.
