CONSULATE
Consulate Dental Plans, UK Dentist are feeling the Financial Pressures
According to figures that was published by the NHS Information Center, it showed a steady fall in dentists’ average taxable income over the last few years. The Reports show that the average taxable income for self-employed primary care dentists in England was reduced by 5.2%. This substantial cutback, reflects an increase of 3.1% in practice expenses in 2009/2010 and that was after an increase of 7.6% in expenses in 2008/2009. With these expenses that continue to accelerate during 2010/11 primary care dental practices are feeling the financial pressures.
Some of the reasons for the increase of expenses is due to the increasing prices of precious metals commonly used in dentistry, the rising cost of materials and equipment because of the exchange rate from Pound Sterling against the Euro and US Dollar as well as staff cost and burden of regulations and red tape.