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Anyone a therapist that completes self assessment?

7 replies

HappyToWait · 05/07/2023 19:13

This is my first year working as a private therapist and I'm trying to complete my self assessment.

In terms of expenses, I know I can include room rental, CPD, insurance, memberships etc. However I can't work out if I can include supervision costs (which is mandatory as part of my membership). Can anyone advise please? Thank you!

OP posts:
kittybiscuits · 05/07/2023 19:15

You can definitely include your supervision costs.

HappyToWait · 05/07/2023 19:18

Brilliant, thank you!

OP posts:
nicknamehelp · 05/07/2023 19:19

You can deduct anything which is an expense which allows you to trade. Don't forget any stationery, adverts, tissues etc

Logistria · 05/07/2023 19:27

You can only take a deduction for expenses incurred wholly and exclusively for the trade - no private element, no capital expenditure, no specifically excluded items (eg entertaining), etc.

https://www.gov.uk/expenses-if-youre-self-employed

Expenses if you're self-employed

Business expenses you can claim if you're self-employed

https://www.gov.uk/expenses-if-youre-self-employed

HappyToWait · 05/07/2023 19:45

nicknamehelp · 05/07/2023 19:19

You can deduct anything which is an expense which allows you to trade. Don't forget any stationery, adverts, tissues etc

Ooh good point for tissues! Last year I was just starting out so that wouldn't apply but will def be getting tissues/pens/stationary to keep notes etc so will add those to next year! Thank you!

OP posts:
Burntopan · 05/07/2023 19:47

Don’t forget your travel expenses too!!

HappyToWait · 05/07/2023 20:00

Burntopan · 05/07/2023 19:47

Don’t forget your travel expenses too!!

I don't think I have got any! I am lucky enough to be able to walk to my practice rooms and all my CPD/supervision has been online!

OP posts:
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