MRCS fees now tax deductible

24 Nov 2014

Trainee surgeons who take the MRCS exam will now be able to claim tax relief on it.

MRCS

Trainee surgeons who take the MRCS exam will now be able to claim tax relief on it.

Trainees who pay for the exam themselves and are employed on a training contract as either Core or Specialty Trainees can claim their tax relief. They will need to complete a form (P87) or do so through their self-assessment tax return if they are already in self-assessment or the expenses they’ve paid amount to more than £2,500.

More information on how to claim can be found on the Gov.uk website.

In order to allow HMRC to handle any claims as efficiently as possible, HMRC have requested that trainees are informed that they should include with their claim a receipt or other proof of payment for the MRCS exam fees. Claims made without this may be delayed as HMRC may have to contact the trainee to request this evidence.

You can claim a tax refund/ relief for the current tax year or any of the previous 4 tax years. A trainee can therefore go back 4 tax years to reclaim the tax deductibility from the MRCS exam fees paid. Claims for the 2010-11 tax year need to be made before 5 April 2015.

See the HMRC website for further details, including allowable expenses, eligibility and claiming back tax for past years.

Please note that the tax relief is only currently applicable for MRCS fees.

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