Most UK pharmacy owners feel the pressure of seasonal fluctuations. Winter might bring a surge in footfall, flu jabs, and prescriptions—but summer often leaves tills quiet, shelves full, and bills still due. Without proper planning, that income rollercoaster can create…
Running multiple pharmacies under different companies often means handling separate VAT returns, duplicated admin, and paying VAT on internal recharges that shouldn’t cost anything. That’s where VAT grouping comes in — a strategic move that lets pharmacy owners manage VAT…
Tax rules can quietly erode the value of a family-owned pharmacy—especially if left unplanned. From Capital Gains Tax on share transfers to Inheritance Tax on death, many UK pharmacy owners don’t realise how exposed they are until it’s too late.…
Valuing your pharmacy accurately is critical if you’re planning to sell, retire, or bring in investors. Overpricing could push serious buyers away, while undervaluing risks losing hard-earned wealth. In the UK, pharmacy valuation involves more than just your annual profit…
Succession planning is no longer optional for family-owned pharmacies. As retirement approaches, pharmacy directors face crucial decisions about how to secure the future of their business. Recent changes to the UK’s inheritance tax (IHT) rules mean that without proper planning,…
Managing a pharmacy involves more than just prescriptions – it’s about juggling NHS payments, stock control, VAT complexities, staffing, and patient confidentiality. Choosing the right accounting system can make a big difference in how efficiently you run your business. Traditional…
Capital Gains Tax (CGT) exemptions help you reduce or avoid tax when you sell an asset for a profit. These apply to individuals who sell property, shares, business assets or other valuable items. In 2025 several exemptions and reliefs allow…
Tax penalties in the UK can cost individuals hundreds of pounds each year. These charges often occur due to missed deadlines, inaccurate returns, or failure to declare taxable income. The financial and legal consequences can escalate quickly if action is…
Smart personal allowance tax planning helps significantly reduce the final year-end tax bill. Pharmacy directors, company owners, and high-earning professionals can end up paying far more tax than necessary if they do not actively manage allowances and structure their income…
Getting your pharmacy “exit-ready” means more than just finding a buyer. You need accurate financials, a firm valuation, and a clear understanding of the tax implications. Buyers will look closely at your records. Lenders will scrutinise your performance. HMRC will…
