Wondered if anyone out there has experience with GP's as clients?
My client qualified as a GP last summer, and in August 2012 began working as a Locum GP. They believe (after speaking to colleagues and the BMA) that Royal College of Practitioners exam fees which they sat in 2011 are allowable expenses.
I'm not sure how this fits with HMRC's distinction between costs of CPD (which are allowed) and costs of learning/qualifying in a new profession (capital expenditure). Can anyone offer any advice?
They are definately not allowable. The medical profession are always claiming exam fees and HMRC regulary disallow them.
The medical profession can spend over £100k a year on improving their skills, and HMRC have long got fed up with the abuses of claiming these expenses.
I get clients tell me all the time that they know people who claim this and that. The reality is they put the expenses in and their accountant (as I do), go through the expenses and disallow them. After a while we just don't bother to tell them not to give us expenses which are not allowable. It is easier to include them in their accounts (which we can do) just to add them back in the tax computations, so they are not claimed on their tax return only in thier accounts!
