Browse all articles
By Iain Stevenson, Head of Dental at Wesleyan

Corporation tax relief to benefit UK dentists and patients

Media centre dentists
1 min
Lady in white

If you are covering the impact of the Spring Budget for dentists, please see the following comment from Iain Stevenson, Head of Dental at Wesleyan Financial Services:

"Dentists – and patients – will benefit from the government’s proposals to offer corporation tax relief on new investments.

"Practices are always looking to see how they can invest to improve the quality of service for their patients. Under today’s investment measures, incorporated practices will be able to offset some of their tax bills for investment in equipment.

"We’re also pleased to see increases to the annual allowance and the scrapping of the lifetime allowance. Anything that incentivises more retirement saving is only a good thing, and this will reduce the risk of dentists leaving the profession to avoid pension tax charges.

"However, it’s disappointing to see that the Chancellor didn’t take the opportunity to announce any specific measures for dentistry, particularly increases to the NHS spending budget.

"In its current state, it’s no surprise that many dentists are questioning whether it’s feasible to continue providing NHS services, rather than transitioning to private care."

For more comments from Wesleyan, contact our PR manager, Nicola Pledger.