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Accountants for Pharmacy - Pharmatax

Pharmatax is a team of specialist pharmacy accountants and tax advisors dedicated to supporting pharmacy owners across the UK. With deep industry expertise, we offer tailored services including tax planning, HMRC representation, bookkeeping, VAT advice, and business growth strategies.

Pharmatax
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Accountants for Pharmacy - Pharmatax

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  1. Pharmatax: Accountants for Pharmacy

  2. Our Services Pharmacy Purchase/Sale? • Pharmacy Accounting • VAT & Tax Compliance • Locum & Staff Payroll • NHS Contract & Claims Oversight • PharmacyProfitability & Cashflow • HMRC Representation & Support

  3. Pharmacy Purchase/Sale? Specialist Support Pharmatax offers expert assistance to pharmacy owners during the buying or selling process, ensuring all financial and tax implications are properly managed. Structure Planning Pharmatax assists in choosing the right business structure (sole trader, partnership, or limited company) to ensure maximum tax efficiency and compliance.

  4. Industry Expertise Our team understands the unique challenges and opportunities in the pharmacy sector, helping clients with accurate financial advice and sector-specific strategies. Pharmacy Accountants Tax Planning & Compliance • Pharmataxoffers proactive tax planning, ensuring pharmacies remain compliant while legally minimising tax liabilities.

  5. VAT & Tax Compliance • We help you determine the correct VAT registration status and ensure timely and accurate submission of VAT returns, reducing the risk of HMRC penalties. Pharmatax supports digital tax compliance by helping pharmacies stay up to date with Making Tax Digital requirements, ensuring software compatibility and proper reporting.

  6. Locum & Staff Payroll We handle payroll for locum pharmacists, including determining correct employment status and ensuring accurate payments.

  7. NHS Contract & Claims Oversight Comprehensive Review of NHS Claims Pharmatax meticulously reviews every NHS claim—covering prescriptions, enhanced services, vaccination fees, clinical services, and CPCF reimbursements—to ensure accuracy and timely submission. Financial Reporting & Cash‑flow Insight We reconcile NHS payments monthly against submitted claims and provide clear reporting to pinpoint discrepancies and anticipate future income, enhancing overall cash‑flow stability.

  8. Pharmacy Profitability & Cashflow Tax Efficiency & Structuring Benchmarking & Profit Improvement Cash Flow Forecasting & Planning Strategic tax planning through use of allowances, reliefs, and proper VAT treatment can increase retained earnings Comparing performance against industry peers helps pinpoint areas to improve average item value and margins Monthly forecasting helps manage NHS payment delays and seasonal slowdowns

  9. HMRC Representation & Support Pharmatax “speaks HMRC’s language” and accompanies you through audits or inquiries, ensuring you are fully supported and minimizing stress.

  10. Thank You. Get In Touch With Us (024) 7601-7778 info@pharmatax.com www.pharmatax.co.uk

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