The Pharmaceutical Journal
Vol 280 No 7491 p242
1 March 2008

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• Retention fees
• Contracts
• Prescription charges
• Responsible pharmacist
• Community pharmacy (4)
• Emergency contraception (2)
• The Society (2)
• Drug addiction

Letters to the Editor

Retention fees

Tax-deductible

From Mr L. Cipollone

It has come to our attention that not all pharmacists are aware that their annual retention fees to the Royal Pharmaceutical Society are tax deductible. This concession also extends to subscriptions to journals which are relevant and essential to pharmacists to keep up their professional knowledge.

Self-employed pharmacists are already likely to make the claim in their annual accounts and tax returns. Pharmacists who are employees are also allowed to deduct the cost of the retention fee and journals from their gross salary on their annual tax returns, provided they have paid for them and their employer has not refunded the cost to them.

Pharmacists who are employees should contact their tax office every year to make sure the deduction is made.

Lorenzo Cipollone
Chartered Certified Accountant
Hutchings & Co
Amersham, Buckinghamshire

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