Claiming expenses - the clock is ticking
Many professionals, whilst in employment, pay for professional subscriptions etc without being re-imbursed by their employer.
For example, General Practitioners may not have claimed MDU or GMC subscriptions paid throughout their training period.
We can assist you in submitting claims for these expenses, providing you with a potential tax rebate.
Previously, taxpayers were granted 6 years to make retrospective claims. However, this has now been reduced to 4 years.
The following deadlines apply, as part of the transitional arrangments:
- 2003-04: deadline is 31 January 2010
- 2004-05: deadline is 31 March 2010
- 2005-06: deadline ia 5 April 2010
- 2006-07: deadline is 5 April 2011
Thereafter, the deadline will remain 4 years from the end of the tax year.
