Running a successful pharmacy requires more than just delivering great customer service and providing quality healthcare. It also involves understanding the financial health of your business and knowing when the time is right to scale. Expanding your pharmacy can be an exciting and profitable step, but it’s important to ensure that your financial foundation is solid before diving in.

VAT (Value Added Tax) is a complex area of tax for many businesses, and for pharmacy owners, it can be particularly tricky. Understanding the difference between zero-rated, exempt, and standard-rated supplies is crucial for ensuring your pharmacy remains compliant and maximizes its financial potential.

At Pharmatax, we help pharmacy owners stay on top of their tax obligations, ensuring they comply with HMRC regulations without the added stress. In this post, we’ll break down what HMRC expects from your pharmacy and provide practical advice to help you stay compliant.

when it comes to paying locums, pharmacy owners often face a key question: should they treat their locums as employees under PAYE (Pay As You Earn) or as self-employed contractors?