2026/27 guide

Accountants for therapists

Therapists pay Income Tax the same way, but VAT depends on statutory registration.

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2026/27 take-home calculator

What therapists keep after tax

A counsellor taking £48,000 in fees with £6,000 of expenses, compared as a sole trader and through a company. In 2026/27 that is £7,651.80 of Income Tax and National Insurance, leaving £34,348.20. Sole trader keeps £1,269.65 more at this level.

How you work
Expenses in this example (untick or edit)
Other expenses
You keep£34,348a year
Per month£2,862
Total tax£7,65218% of profit
Set aside£638a month for tax
Where the money goes
Take-home£34,348.20
Income Tax£5,886.00
National Insurance£1,765.80
Expenses£6,000.00
Sole trader £34,348 Keeps more
Limited company £33,079

Company figures assume a salary of £12,570 and all remaining profit paid out as dividends, with no Employment Allowance. Leaving profit in the company changes the result.

When the 2026/27 bill is due

  1. 31 January 2028£7,651.80
  2. 31 July 2028£3,825.90

Payments on account are due because the bill is over £1,000.

  • Making Tax Digital applies from April 2027 at this income
Assumptions

Uses 2026/27 rates for England, Wales and Northern Ireland, with no other income, student loan or pension contributions unless entered. Scotland has different Income Tax bands. This is an estimate, not advice: your accountant will check your own figures.

Key takeaways

  • VAT Notice 701/57 exempts medical care by professionals on a statutory register, when the service is within their registered profession and its main purpose is health.
  • Practitioner psychologists, arts therapists and physiotherapists are registered with the HCPC and can exempt qualifying services; counsellors, psychotherapists, hypnotherapists and massage therapists have no statutory register and cannot.
  • A counsellor with £42,000 profit in 2026/27 pays £5,886 Income Tax and £1,765.80 Class 4 National Insurance as a sole trader.
  • At £42,000 profit, running the same practice through a limited company and paying out all profit leaves £1,269.65 less than being a sole trader.
  • Sole traders with self-employment and property income over £30,000 in 2025/26 must use Making Tax Digital for Income Tax from 6 April 2027.

What is different about tax for therapists

Psychologists, psychotherapists, counsellors, physiotherapists, massage therapists and arts therapists all run small practices in much the same way: clients pay per session, you hire a room or work from home, and you pay for supervision, training and insurance. Income Tax works the same for all of them. The big difference is VAT, which depends on whether your profession has a statutory register, and it can decide whether a busy practice has to add 20% to its fees.

Many therapists also combine employed and private work, for example an NHS physiotherapist or psychologist seeing private clients in the evenings. That is common and fine: your salary stays on PAYE and your private practice profit goes on a Self Assessment return.

VAT: which therapists are exempt

HMRC's VAT Notice 701/57 exempts medical care by health professionals who are enrolled on the appropriate statutory register. Two conditions must both be met: the service is within the profession you are registered for, and its main purpose is protecting, maintaining or restoring the health of the person concerned.

TherapistStatutory registerVAT on therapy sessions
Practitioner psychologists (clinical, counselling, health and other domains)Health and Care Professions CouncilExempt, including counselling that relates to mental health
Arts therapists (art, music, drama)Health and Care Professions CouncilExempt
Physiotherapists, occupational therapists, speech and language therapists, podiatrists, dietitiansHealth and Care Professions CouncilExempt
Osteopaths and chiropractorsTheir own statutory registersExempt
Counsellors and psychotherapistsNone (membership bodies are not statutory registers)Taxable once you are VAT registered
Hypnotherapists, acupuncturists, massage and sports massage therapists, reflexologistsNoneTaxable once you are VAT registered

HMRC says therapists such as acupuncturists, psychotherapists and hypnotherapists who do not have statutory registers cannot currently exempt their services. A psychotherapist who is also a registered practitioner psychologist or a medical practitioner can exempt qualifying services.

The details that catch people out

  • Taxable income counts towards the threshold. You must register if taxable turnover goes over £90,000 in any rolling 12 months, within 30 days of the end of that month. Exempt income does not count.
  • Primary purpose matters. A report written solely so a third party can make an insurance or legal decision is standard-rated, even when a registered professional writes it. Time management coaching is not medical care, whereas stress management courses by a practitioner psychologist can be.
  • Direct supervision. Care by someone who is not registered can be exempt when it is directly supervised by a registered professional, but HMRC sets strict conditions, including a supervisor available for the whole time the service is provided.

For a counsellor with fees over £90,000, registering means charging 20% VAT, so a £75 session becomes £90 for the client, or your income drops if you absorb it. Plan well before you reach the threshold. Our VAT registration guide covers the process.

Sole trader or limited company

Most private practice therapists are sole traders. Here is a counsellor in England who takes £48,000 in fees in 2026/27, has £6,000 of expenses and no other income. The figures ignore pension contributions and student loans; Scotland has different Income Tax bands.

As a sole trader

  • Profit: £48,000 less £6,000 is £42,000.
  • Income Tax: £42,000 less the £12,570 Personal Allowance leaves £29,430, at 20% is £5,886.
  • Class 4 National Insurance: £29,430 at 6% is £1,765.80.
  • Total £7,651.80, leaving £34,348.20.

Through a limited company

  • Salary £12,570, with employer National Insurance of 15% on the £7,570 above £5,000, which is £1,135.50. No Employment Allowance, as the director is the only employee.
  • Company profit: £42,000 less £12,570 less £1,135.50 is £28,294.50. Corporation Tax at 19% is £5,375.96, leaving £22,918.54.
  • Dividend tax: the first £500 is covered by the dividend allowance and £22,418.54 is taxed at 10.75%, which is £2,409.99.
  • Total £8,921.45, leaving £33,078.55.

At this profit the company leaves you £1,269.65 worse off, before the cost of company accounts and filings. A company can make sense for larger practices that employ other therapists or keep profit in the business, but it is rarely a tax saving at typical private practice incomes. Model your own numbers with our self-employed tax calculator.

Expenses therapists can claim

ExpenseHow it is treated
Room hire or clinic rentAllowable
Clinical supervisionAllowable where it is for your practice
HCPC fees and memberships (BACP, UKCP, NCPS, BPS, CSP)Allowable if related to your work. All are on HMRC's approved list, so employees can claim them too
Professional indemnity and public liability insuranceAllowable
CPD and trainingAllowable if it improves skills you use, keeps you up to date, or develops new skills related to your practice. Training to start a new, unrelated business is not
Couches, equipment, assessment toolsAllowable expenses under the cash basis; capital allowances with traditional accounting
Directory listings, website, advertisingAllowable
Working from homeFlat rate of £10, £18 or £26 a month for 25 to 50, 51 to 100, or 101 or more hours, or the business share of actual costs
Travel to clients or between clinicsAllowable. Cars: 55p a mile for the first 10,000 business miles in 2026/27, then 25p. Travel between home and a regular place of work is not

If you are employed as a physiotherapist or other therapist by the NHS, a private hospital, a local authority or an independent care provider, you can also claim a flat rate expense of £125 a year towards uniforms, work clothing and tools.

Small practices and side income

If you are just starting, the £1,000 trading allowance can help. If your gross trading income is £1,000 or less, you may not need to tell HMRC. Above that, you can deduct £1,000 instead of your actual expenses, but you cannot claim expenses as well. Once your costs are more than £1,000, claiming the real expenses usually works out better.

If you start private practice alongside a job, register for Self Assessment by 5 October after the end of the tax year you started. For a practice that began in 2025/26, that is 5 October 2026.

Licensing and Making Tax Digital

Special treatment licences. In London, providing massage and some other treatments commercially from premises generally needs a special treatment licence from the borough under the London Local Authorities Act 1991, renewed every year. There are exemptions, for example premises used by a professional registered under the Health Professions Order 2001 (such as a physiotherapist) solely for their profession, members of health practitioner bodies the council has approved, and treatments given only in the client's own home. Check with your borough.

Making Tax Digital. Many therapists will be brought in from April 2027. If your self-employment and property income before expenses was over £30,000 in 2025/26, you must use Making Tax Digital for Income Tax from 6 April 2027, keeping digital records and sending quarterly updates. The threshold is £50,000 for those already in from 6 April 2026 and falls to £20,000 from 6 April 2028. Our Making Tax Digital guide explains what changes.

Key dates for 2026/27

DateWhat is due
31 July 2026Second payment on account for 2025/26
5 October 2026Register for Self Assessment if your practice started in 2025/26
31 October 2026Paper 2025/26 tax return
31 January 20272025/26 online return, balancing payment and first payment on account for 2026/27
6 April 2027Making Tax Digital starts for qualifying income over £30,000 in 2025/26
31 July 2027Second payment on account for 2026/27
7 August 2027First quarterly update for anyone who joined Making Tax Digital in April 2027

How GoForma helps therapists

GoForma is a UK online accountancy practice based in London, working with clients across the UK by phone, video, email and WhatsApp. Our accountants are ACCA and AAT qualified, and FreeAgent accounting software (worth £360 a year) is included in every package, so session income and expenses are recorded as you go.

  • Lite Sole Trader at £22 a month suits practices under £20,000 turnover where you keep your own books, with a basic Self Assessment return and two accountant discussions a year.
  • Start Sole Trader at £44 a month, 50% off for the first 3 months, gives you a dedicated personal accountant, your Self Assessment return and WhatsApp support. Start Sole Trader + MTD at £68 adds quarterly Making Tax Digital submissions, and Start Sole Trader + VAT at £68 covers VAT.
  • Prefer a one-off? A Self Assessment tax return is £198.

Prices exclude VAT and are rolling monthly. We are rated 4.9 on Google from 72 reviews and 4.8 on Trustpilot from 142 reviews. Compare our packages or book a free accounting consultation.

Reviews

4.9 on Google, 4.8 on Trustpilot

From 72 Google and 142 Trustpilot reviews. A few, quoted as clients wrote them:

I've been working with GoForma for close to 3 years now, and literally haven't had a single complaint, not even one.
Marcus Stephens
Google review
Excellent service from Kabir and the team. They were professional, responsive, and guided me throughout the process with patience and clear communication.
Ernestine Tonle
Google review
I highly recommend GoForma. Very efficient practise that turned around my tax return quickly. Dealt with Jordan and Jawad, comms was always clear and to the point. Great value for the service they provide
Stelios Savvides
Google review

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FAQ

Questions from therapists

Do counsellors and psychotherapists have to charge VAT?

Only once they are VAT registered. Counsellors and psychotherapists have no statutory register, so HMRC says they cannot exempt their services, and their fees count towards the £90,000 registration threshold. Below that, no VAT is charged. A psychotherapist who is also an HCPC-registered practitioner psychologist or a registered doctor can exempt qualifying therapy, because the exemption follows the statutory register.

Are psychologists exempt from VAT?

Practitioner psychologists registered with the Health and Care Professions Council can exempt medical care, which HMRC says includes services relating to mental health such as counselling, work with children with emotional problems and stress management courses. Services not related to mental health, such as time management coaching, are not medical care. Psychologists working purely in academic research are outside the register.

Do physiotherapists and massage therapists pay VAT?

HCPC-registered physiotherapists can exempt treatment within their profession whose main purpose is health. Massage and sports massage therapists have no statutory register, so their services are taxable once they are VAT registered, and their fees count towards the £90,000 threshold. A physiotherapist offering services outside physiotherapy, or not aimed at health, may not meet the exemption conditions.

What expenses can a therapist claim?

Self-employed therapists can usually claim room hire, clinical supervision for their practice, professional memberships and HCPC fees, insurance, CPD related to their work, equipment such as couches, advertising and directory listings, travel to clients at 55p a mile for the first 10,000 business miles in 2026/27, and working from home at HMRC's flat rates or the business share of actual costs.

Should a therapist set up a limited company?

Usually not at typical private practice incomes. For a counsellor with £42,000 profit in 2026/27, a limited company paying out all its profit leaves £33,078.55 against £34,348.20 as a sole trader, before company accounting costs. A company can suit larger practices that employ other therapists or retain profit, so it is worth modelling once your practice grows.

Do therapists need Making Tax Digital for Income Tax?

If your self-employment and property income before expenses was over £30,000 in 2025/26, you must use Making Tax Digital for Income Tax from 6 April 2027. The threshold was £50,000 for those starting in April 2026 and falls to £20,000 from April 2028. You keep digital records and send quarterly updates, and your employed salary does not count towards the threshold.

Do massage therapists need a licence in London?

Generally yes, if you provide massage commercially from premises in a London borough, under the London Local Authorities Act 1991. The licence lasts a year. Exemptions include premises used by professionals registered under the Health Professions Order 2001 solely for their profession, members of health practitioner bodies approved by the borough, and treatments given only in a client's own home. Rules and approved bodies vary by borough.