{"id":6776,"date":"2020-08-27T12:26:42","date_gmt":"2020-08-27T11:26:42","guid":{"rendered":"https:\/\/taxfix.com\/en-uk\/?p=6776"},"modified":"2023-06-03T12:21:00","modified_gmt":"2023-06-03T11:21:00","slug":"what-is-csp-tax","status":"publish","type":"post","link":"https:\/\/taxfix.com\/en-uk\/self-employed-tax-returns\/medics\/what-is-csp-tax\/","title":{"rendered":"What is CSP tax?"},"content":{"rendered":"\n

CSP tax refers to how tax works as a member of the Chartered Society of Physiotherapy<\/a>.<\/p>\n\n\n\n

This varies depending on whether you are a self-employed physiotherapist or an employed one. Otherwise, it\u2019s no different from the tax that you pay in any other profession. <\/p>\n\n\n\n

What tax does a physio pay?<\/h2>\n\n\n\n

As part of the UK workforce, we all have to pay two types of tax:<\/p>\n\n\n\n

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  1. Income tax<\/a> – based on your earnings<\/li>\n\n\n\n
  2. National Insurance<\/a> – to entitle you to state-provided support<\/li>\n<\/ol>\n\n\n\n

    If you\u2019re employed, your taxes will be sorted by your employer. The only reason that you would be asked to do a tax return is if you earn more than \u00a3100,000 per year. <\/p>\n\n\n\n

    You may also have to do a tax return if you incur expenses that your employer doesn\u2019t pay you back for, but this is only if they exceed \u00a32,500 per tax year. Anything less than \u00a32,500 can be claimed back using a P87 form<\/a>. <\/p>\n\n\n<\/div> \n\n

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    What is a P87?<\/h2>\n

    A P87 form allows you to claim your expenses from work when you\u2019re employed, rather than self-employed.<\/p>\n

    You do this via HMRC, giving them the below information:<\/p>\n