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For Pharmacists

Tax Return for Pharmacists

Complete your Self Assessment in 8 minutes. Claim all your allowable expenses and submit directly to HMRC.

  • Track locum income
  • Professional fees support
  • Travel expense tracking
  • MTD-ready for 2026

Example Tax Calculation

Based on typical pharmacists earnings £48,000/year

Gross Income£48,000
Expenses3,500
Taxable Profit£44,500
Income Tax£6,386
National Insurance£1,916

*Illustrative example based on 2024/25 tax rates. Your actual tax depends on your specific circumstances.

Allowable Expenses for Pharmacists

Claim these tax-deductible expenses to reduce your tax bill

GPhC Registration

General Pharmaceutical Council registration and annual retention fees.

Tip: Keep renewal receipts each year.

Professional Indemnity Insurance

Indemnity cover required for pharmacy practice.

Tip: Insurance premiums are fully deductible.

Travel to Pharmacies

Mileage and travel costs for locum shifts at different locations.

Tip: Log dates, locations, and miles for each shift.

CPD and Training

Mandatory continuing professional development and revalidation courses.

Tip: Keep certificates and receipts.

More expenses you can claim

Professional subscriptions (RPS)
Uniform and workwear
Phone and internet
Accounting software fees
Locum agency fees
Parking costs

How to File Your Tax Return

Follow these simple steps to complete your Self Assessment

1

Gather Your Documents

Collect income records, receipts, and expense statements

2

Enter Income & Expenses

Add your earnings and claim allowable expenses with our guided flow

3

Review Your Calculation

See exactly how much tax you owe with real-time calculations

4

Submit to HMRC

File your tax return directly to HMRC in minutes

Key Deadlines for 2024/25 Tax Year

Don't miss these important dates

5 April 2025

Tax Year Ends

Calculate your final income and expenses

5 October 2025

Register for Self Assessment

If this is your first year self-employed

31 January 2026

Online Filing Deadline

Submit your tax return and pay any tax owed

6 April 2026

MTD Starts (£50k+)

If your income exceeds £50,000, you must use MTD software

Late Filing Penalties

1 day late: £100 fixed penalty

3 months late: £10/day up to £900

6 months late: 5% of tax owed or £300 (whichever is higher)

12 months late: Additional 5% or £300

Plus interest on any tax paid late. Avoid these costs by filing early with QTax.

Frequently Asked Questions

Answers to common questions about tax returns for pharmacists

Do locum pharmacists need to register as self-employed?

If you work as an independent locum and invoice for your services, you must register for Self Assessment.

Can I claim GPhC fees?

Yes. GPhC registration and professional subscriptions are allowable expenses.

What about travel between pharmacies?

Travel to different pharmacy locations for locum work is a deductible business expense.

Related Guides

Explore tax guides for similar professions

Ready to File Your Tax Return?

Join thousands of UK pharmacists who trust QTax for their Self Assessment