cost price drugs/food

Re: cost price drugs/food

Denise — Sat, 06 Feb 2010 19:15:23 GMT

Thanks everyone, I will see what happens next.

Re: cost price drugs/food

Caro Laithwaite VN — Sat, 06 Feb 2010 10:17:24 GMT

You could discuss with a friendly vet them taking out an nvs or dunlops etc direct buy then it won't interfere. Only get an account with most of them if over £500. If you use your practice as delivery place and same group your practice use they can send the items there and don't usually charge extra post as they are going there with practice order. I know a couple of vets that do this.

Re: cost price drugs/food

Jo Mackenzie — Sat, 06 Feb 2010 00:36:14 GMT

[quote user="Vicky SVN"]

My bill is between 50-100 most months...dread to think what it would be not cost price!

[/quote]

I wouldn't be able to afford to keep Gypsy if I didn't get stuff cost price, even though I do (plus VAT) it still works out to a fair amount between her Vetoryl, Rimadyl, Selgian, Vivitonin and Noroclav, not to mention her regular blood tests to check her cushings. That's not even taking into account vaccinations, wormers and food for her and the cats!!!

Re: cost price drugs/food

Sal the 1st — Fri, 05 Feb 2010 23:56:53 GMT

if benefits in kind have been declared as part of your earnings they should show on your p60 as taxable income

Re: cost price drugs/food

Phrin Vernon RVN — Fri, 05 Feb 2010 23:11:20 GMT

[quote user="Nick Shackleton"]

I had rent free accom when I was a trainee.......

[/quote]

so did i - for a good few years too... sounds like i was lucky! unless the practice factored that into my tax without mentioing it???

Re: cost price drugs/food

Nick Shackleton — Fri, 05 Feb 2010 23:00:25 GMT

I had rent free accom when I was a trainee.......

Re: cost price drugs/food

Sal the 1st — Fri, 05 Feb 2010 22:58:06 GMT

the benefits in kind bit is really important to nurses living above the practice - especially if it is rent free and utility bills are paid by practice. Some years ago i accepted a job as a head nurse on the same wage as another nurse in the practice because i was allowed to live in the flat foc.( the use of the flat was supposed to compensate for the relatively low wage) then came the crunch - tax man decided that during my employment i had paid insufficient tax because of 'benefits in kind' i was then taxed on the 'value' of the accomodation and utility bills - so i received a lower wage because of the flat and then ended up paying tax on the flat as well. ( which i later found out my employer was already aware of because they had done this to the two previous nurses - but hey it meant they got away with paying a lower wage until they got found out )this screws up your tax code for the next year and possibly following year.

Anybody living above the shop in Northamptonshire beware - make absolutely sure you dont end up getting stung by the taxman because the boss has pulled a fast one!

Re: cost price drugs/food

Nick Shackleton — Fri, 05 Feb 2010 22:40:31 GMT

[quote user="sal the 1st"]

you might be paying the VAT but who is to say your boss is paying it to Mr VAT man? also staff discounts can be counted as benefits in kind and if you take that into account your actual earnings may be more than the declared earnings - it can alter your national insurance/ income tax

[/quote]

Glad U'm getting outta it all

Re: cost price drugs/food

Vicky RVN — Fri, 05 Feb 2010 22:40:07 GMT

Damn...hope it doesn't change for us and we don't get in trouble

Re: cost price drugs/food

Sal the 1st — Fri, 05 Feb 2010 22:38:54 GMT

Re: cost price drugs/food

Vicky RVN — Fri, 05 Feb 2010 22:32:29 GMT

My bill is between 50-100 most months...dread to think what it would be not cost price!

Re: cost price drugs/food

Vicky RVN — Fri, 05 Feb 2010 22:31:46 GMT

We pay cost plus VAT, so i don't see the prob with the tax man? He's still getting his VAT money?

Re: cost price drugs/food

Sal the 1st — Fri, 05 Feb 2010 22:25:48 GMT

the inland revenue are chasing vets at the moment - this may have a lot to do with it. there are a number of vets out there I really really hope get caught!There are quite a few nurses out there that find it cheaper to buy off the internet than their own practice even with discount so you wont be alone

Re: cost price drugs/food

Doolally — Fri, 05 Feb 2010 22:24:50 GMT

where i used to work we got drugs/food at cost price.

Where I work now we get 20% off food - still works out cheaper than anything i can find on the internet, and much more convenient. Bit annoying when I was used to things at cost...but better than nothing i guess!

Re: cost price drugs/food

Kerry Spain — Fri, 05 Feb 2010 22:23:27 GMT

The what? The tax man??? pfffffft!!!! Tell em they get enough as it is!!

We get our food through add on the VAT and then pay for it. The only thing we don't pay for is the mark up.

So long as you put your 17.5% on top then the tax man shouldn't be a problem.