Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Thu, 09 May 2024 18:30:03 GMT by Rob P
Hi, I am a pharmacist working in a GP surgery, where my employer pays for a blanket professional indemnity insurance for the team. However, it is strongly recommended that we also have our own personally paid professional indemnity insurance. If I pay for my own professional indemnity insurance via the National Pharmacy Association, and I am not reimbursed by my employer, can I claim tax relief on this? If so how is the best way to claim this?
Posted Wed, 15 May 2024 11:42:05 GMT by HMRC Admin 10 Response
Hi
Professional indemnity insurance counts as an allowable expense, as it is tax deductable. To claim the relief due, record it as a business expense on your tax return, or write to us confirming the amounts paid towards this insuarnce at
Pay As You Earn and Self Assessment,
HM Revenue and Customs,
BX9 1AS
 

You must be signed in to post in this forum.