This is the view of NASDAL’s tax specialist, Bob Cummings, of specialist dental accounting firm, Morris and Co, which represents many hundreds of associates.
Bob said: “A repayment is good news in the short term, but in the long term it may mean lower levels of earnings for associates becoming the norm.”
“For some time it has been predicted that profits for associates would drop and the tax rebates are the evidence that this is happening. I would say at least 10% of our associate clients have had a rebate.”
He added: “The NASDAL bench marking statistics are out soon including average earnings for dentists in the 2013/14 tax year. I think it’s likely that the statistics will confirm the anecdotal evidence.”