The government’s temporary reduction in VAT on children’s meals and family attractions may not directly affect most therapists, but it serves as a useful reminder that tax rules can change quickly and it’s important to stay informed.
From 25 June to 1 September 2026, eligible cafés, restaurants, cinemas, theatres and family attractions will be able to charge a reduced VAT rate of 5% instead of 20% on qualifying supplies as part of the government’s Great British Summer Savings initiative.
While the majority of therapeutic services are exempt from VAT, every private practice has its own financial circumstances. As your practice grows or evolves, it’s worth reviewing your tax position regularly to ensure you’re meeting your obligations and taking advantage of any available reliefs.
A few simple habits can make a big difference:
- Keep accurate financial records throughout the year.
- Review your accounts regularly rather than waiting until your tax return is due.
- Stay up to date with changes announced by HMRC.
- Speak to your accountant if you’re unsure how new rules may affect your practice.
With tax legislation continuing to evolve—including the rollout of Making Tax Digital—it has never been more important to keep your finances organised.
At Therapists Accounting, we specialise in supporting therapists and mental health professionals with straightforward, practical accounting advice. We monitor changes in tax legislation so you can spend less time worrying about compliance and more time focusing on your clients.