Accountants for veterinary businesses — practice accounts, pricing, payroll and practice deals WhatsApp us hello@buzzaccounting.co.uk
Accountants for Vets
Specialist veterinary accountancy

The accountants who only
look after vets.

Practice principals, partners, assistants and locums. We speak prescription margin, out-of-hours cover and corporate offers as fluently as we speak tax — so your accountant finally understands what you actually run.

01

100% veterinary

Every client is a veterinary business. No exceptions, no distractions.

02

Fixed monthly fees

Agreed up front, spread monthly. You will never receive a surprise invoice.

03

CMA-ready

Price lists, prescription fees and estimate thresholds modelled against your P&L.

04

Deal-ready

Corporate approach, partner buy-in or succession — valued properly before you answer.

What is actually coming

A repricing of the profession, arriving through 2027

The Competition and Markets Authority published its final report on the veterinary market on 24 March 2026, and it then has six months to put the binding Order in place — so the Order must be made by 23 September 2026. That date is the CMA's own deadline for writing the Order, not the day you have to comply. The obligations themselves land three to twelve months after the Order is made, and the draft Order still leaves the dates themselves unwritten — the text reads literally “9 months [X June 2027]”. Smaller businesses — fewer than 15 first opinion practices — get three months longer on most of the remedies, though not on all of them: the gap on prescription fees is six months against twelve, and on ownership information and the whole complaints package there is no gap at all. Most independent practices are therefore looking at 2027. What that leaves is a pricing model that has to change, and time to do the arithmetic before it does.

UK veterinary practice Capped

Written prescription fees

The final report set the maximum at £21 including VAT for the first medicine in a consultation and £12.50 for each additional one. Neither figure is settled: in the draft Order both sit in square brackets, to be uplifted for inflation between 24 March 2026 and the latest CPI figure available before the Order is made, and indexed annually after that. The CMA found current charges start around £10 and that significant numbers of practices charge over £30. If you are one of them, the gap is revenue to plan for now.

Model the hit
UK veterinary practice £500

Written estimate threshold

A written estimate becomes mandatory wherever the recommended treatment is reasonably likely to cost £500 or more including VAT — and it has to be rewritten whenever the cost is likely to rise by 20% or £500, whichever is lower. Emergencies are the only exception. Itemised bills and published price lists arrive alongside it, priced by weight band, so this is a process cost as well as a pricing one.

What has to change
UK veterinary practice 60%

Owned by six groups

Six corporate groups — CVS, IVC Evidensia, Linnaeus, Medivet, Pets at Home and VetPartners — own more than 60% of UK practices in whole or in part, against 10% in 2013. They now have to say so on their signage, premises and websites. Between January 2023 and July 2024 five of them charged 18.3% more than independents for consultations and treatments, and 76% of veterinary businesses still own just one practice.

Why that helps you

The one remedy with no window

Out-of-hours contracts bite on day one

Almost everything in the draft Order comes with an implementation period of three, six, nine or twelve months. Two provisions do not. Under draft Article 19, the cap on notice periods in outsourced out-of-hours contracts at a maximum of twelve months, and the restriction on termination fees, take effect on the day the Order is made — for large and small businesses alike. Only the separate duty to inform first opinion practices about the change carries a three-month window.

That matters because it is the one part of this package where a practice can be caught out by a contract it signed years ago rather than by a process it has not built yet. The CMA found adverse effects on competition in two markets, not one: the retail supply of veterinary services by first opinion practices, and the supply of outsourced out-of-hours provision to those practices. Long notice periods and exit fees in out-of-hours contracts were part of the second finding.

So the useful thing to do with an out-of-hours contract is not to wait for the Order. It is to read the notice clause and the termination provisions now, and know which of them will stop being enforceable the day the Order is made. Two of the six large groups — CVS and IVC — own dedicated out-of-hours businesses, which is worth knowing if your cover comes from one of them.

Not the same obligation

The out-of-hours duty in the RCVS Code is separate and unchanged. Chapter 3 of the supporting guidance requires all veterinary surgeons in practice to take steps to provide 24-hour emergency first aid and pain relief according to their skills and the situation. It has never required you to provide it personally and continuously — but it is not acceptable to say 24-hour cover is provided without giving clients full information about the service.

How this profession is actually regulated

The RCVS regulates vets. It does not regulate practices.

There is no ownership restriction

Non-vets have been able to own a UK veterinary practice since 1999, and the RCVS has no statutory power to regulate the businesses vets work in — only the individual veterinary surgeons and veterinary nurses on its registers. The Practice Standards Scheme is, in the RCVS's own words, a voluntary accreditation.

The CMA identified exactly this in its final report of 24 March 2026: that the system of regulation applies only to veterinary professionals and not to the businesses in which they work.

One registration is compulsory

If your practice supplies or stores medicines you must register the premises with the RCVS, which holds the Register of Veterinary Practice Premises on behalf of the VMD. The fee is per premises — a main site and two branches is three registrations — at £38 a year in England and Wales, VAT exempt, renewing on 1 April.

Defra's consultation on reforming the Veterinary Surgeons Act 1966 closed on 25 March 2026 and proposes licensing veterinary businesses. The response has not been published and nothing is in force.

Who we act for

Wherever you are in your veterinary career

From your first assistant contract to the day you hand over the keys — the advice changes, the specialist focus does not.

UK veterinary practice

Practice principals

You own it, so you carry the pricing, the payroll, the premises registrations and the whole CMA package. All of it in one place, with the arithmetic done first.

Read more
UK veterinary practice

Partners and buy-ins

Buying in, or taking somebody in: what you are paying for, how the money works afterwards, and the tax on the way in and the way out.

Read more
UK veterinary practice

Locum vets

Self-employed or through a company. Which IR35 regime applies turns on the size of the practice engaging you, not on anything about you.

Read more
UK veterinary practice

Nurses and practice teams

Pay, payroll and the employment-law calendar landing on practice teams, plus what Schedule 3 actually lets a registered veterinary nurse do.

Read more
UK veterinary practice

Multi-site and groups

Several premises means several premises registrations, a divided corporation tax band and one compliance package repeated per site.

Read more
UK veterinary practice

Selling to a corporate

Six groups own over 60% of UK practices. What an approach is worth looking at, and what the tax on the proceeds now looks like.

Read more
What we do

Everything a practice needs from a finance function

One team for the bookkeeping, the accounts, the tax, the payroll and the pricing work — rather than three suppliers who each assume somebody else has looked at the margin.

CMA compliance and pricing

Price lists by weight band, the parasiticide list, pet care plan disclosures, written estimates, itemised bills and the complaints package — modelled against your P&L before you publish anything.

What has to change

Practice accounts and tax

Annual accounts, corporation or partnership tax, VAT, and management figures that arrive while they can still change a decision rather than explain one.

Accounts and tax

Practice payroll

Vets, nurses, reception and support staff, auto-enrolment, and the Employment Rights Act dates landing through 2026 and into 2027.

Payroll for practices

Locum vet accounts

Self assessment, the expenses that genuinely apply to clinical work, IR35 in both regimes, and Making Tax Digital for Income Tax from 6 April 2026.

Locum accounts

Buying a practice

Due diligence on the real numbers, what the purchased-goodwill rules do to the price, funding, and the structure you buy it through.

Buying a practice

Selling a practice

Getting the accounts sale-ready, the things a buyer actually prices, deal structure, and Business Asset Disposal Relief at 18% from 6 April 2026.

Selling a practice

Incorporation for vets

The structure question answered in pounds: corporation tax, the April 2026 dividend rise, the associated-companies divisor, and what a company does not fix.

Sole trader or company

Xero for practices

How Xero sits alongside a practice management system, what it can and cannot tell you about your pricing, and the set-up that makes the figures usable.

Xero, set up properly
Free, no sign-up

Eight tools and a calendar built for veterinary businesses

Each one answers a question a principal or a locum would recognise. Nothing is gated behind an email address, and every result prints or saves.

Prescription fee modeller

“What does a cap on written prescriptions do to our income?”

Your own prescription volumes and current charges against a capped fee, so you can see the revenue line before it moves. The binding figure is not settled, so the tool lets you flex it.

Open the tool

Practice profitability calculator

“Is this practice actually profitable, or just busy?”

Turnover in, EBIT margin out — and where that margin sits against the CMA's own sample of 36 independent practices, which ran from minus 9% to plus 34%.

Open the tool

Locum take-home calculator

“What is my day rate actually worth after tax?”

Day rate and days worked in, take-home out: income tax, Class 4 National Insurance and the monthly amount to set aside, on 2026/27 rates and thresholds.

Open the tool

Incorporation calculator

“Would I be better off in a company?”

Sole trader against a limited company on 2026/27 rates, including the dividend increase on 6 April 2026 and the associated-companies divisor most comparisons ignore.

Open the tool

Practice value drivers

“What would a buyer actually be paying for here?”

A scored review of what a buyer prices in a first opinion practice. It deliberately returns no multiple and no valuation, because no primary source publishes either.

Open the tool

Capital allowances calculator

“What does this equipment really cost us after tax?”

What imaging, surgical kit or a practice fit-out costs once tax relief is in the figure, and how much of it lands in year one rather than trickling out over a decade.

Open the tool

Salary sacrifice calculator

“Can we improve pensions without increasing the wage bill?”

What a pension salary sacrifice scheme saves the practice and what it gives your nurses and support team, with the Employment Allowance trap made visible.

Open the tool

Business rates calculator

“Are we paying more rates than we should be?”

What the practice pays on the 2026/27 multipliers, why veterinary premises are outside the retail rate, and when a branch surgery pays nothing.

Open the tool
Free knowledge

Guides written for the person who has to deal with it

Not for a regulator and not for a general small business. Article numbers, real dates, and the arithmetic worked through.

The CMA remedies

All nineteen obligations in the draft Order, in the order they reach a practice, with the implementation window against each and an honest account of what is not yet fixed.

Read the guide

Pricing and price lists

What a published standard price list by weight band actually has to contain, and how to build one that survives publication without giving your margin away.

Read the guide

Locum vet tax

Self-employed or through a company, IR35 in both regimes, the expenses that genuinely apply, and Making Tax Digital for Income Tax from 6 April 2026.

Read the guide
Common questions

Straight answers, before you call

Has the CMA actually made its Order yet?

No. The Competition and Markets Authority published its final report on the veterinary services market on 24 March 2026, which ended the market investigation. It then has six months to put the binding Order in place, so the Order must be made by 23 September 2026 — that is the CMA's own drafting deadline, not a date by which any practice has to do anything. The draft Order went out for consultation on 21 July 2026 and that consultation closes on 20 August 2026. Not one compliance date in the draft is fixed: the text gives a period and then a bracketed month nobody has filled in, reading literally as “9 months [X June 2027]”. The obligations themselves land three to twelve months after the Order is made.

Is the £21 prescription fee cap settled?

No. £21 including VAT for the first medicine prescribed in a consultation, and £12.50 for each additional medicine in the same consultation, are the figures in the final report. In the draft Order both sit inside square brackets, to be adjusted for inflation between 24 March 2026 and the latest monthly CPI figure available before the Order is made, and then indexed annually. So the number a practice will eventually have to work to is higher than £21 and is not yet published. The CMA found current charges start at around £10, with significant numbers of practices charging over £30 and some well above that.

Do smaller practices really get three months longer?

On most of the remedies, yes. The CMA's news release says smaller veterinary businesses will have three months longer to implement most of the proposed changes, and a Small Veterinary Business is one with fewer than 15 first opinion practices or out-of-hours centres. But it is not uniform, and treating it as uniform is how a practice ends up late. On the prescription fee caps the gap is six months against twelve. On ownership information, and on the whole complaints package, there is no gap at all. And the out-of-hours contract notice provisions bite on the day the Order is made, for everybody.

Does the RCVS regulate our practice, or just us?

Just you. The RCVS regulates individual veterinary surgeons and veterinary nurses on its registers, and it has no statutory power to regulate the businesses they work in. Non-vets have been able to own a UK veterinary practice since 1999, and the Practice Standards Scheme is in the RCVS's own words a voluntary accreditation. The registration that is compulsory is of premises that supply or store medicines, on the Register of Veterinary Practice Premises, at £38 a year per premises in England and Wales, renewing 1 April, with every branch registered separately. Defra has consulted on reforming that, but nothing is in force.

What will the new regime cost a single-site practice?

The RCVS is taking on compliance monitoring and will charge a levy to veterinary businesses, sized by the number of first opinion practices you own. The CMA's current estimate is no more than £150 to £250 per practice to cover the RCVS's initial set-up costs, and £450 to £550 a year per practice for its ongoing costs. That sits on top of the £38 premises registration for each site. The larger cost for most practices is internal rather than external: building and maintaining a published price list by weight band, a parasiticide list, written estimates, itemised bills and a complaint log.

Is a veterinary practice's work standard-rated for VAT?

The 20% rate applies, but it is worth understanding why, because practices are often told it with more confidence than the source material supports. The VAT medical exemption in Schedule 9 Group 7 of the VAT Act 1994 covers registered doctors, dentists, opticians, pharmacists and other human health professionals. Veterinary surgeons are not within it, and no other relief reaches veterinary services — so the standard rate applies by the absence of relief rather than by a quotable HMRC sentence. Medicines are clearer: VAT Notice 701/15 para 9.4 says medicines are not covered by the zero rate even where administered in feed.

What do you charge?

A fixed monthly fee, quoted for your practice after a free review and agreed before anything starts. There are no hourly rates, so nobody hesitates to pick up the phone, and there is no published price list on this site because the fee depends on the size of the practice, how many premises there are, whether we are doing the bookkeeping or reviewing work your own team does, and how many people need personal tax returns. A number invented before we have looked at any of that would be a guess dressed up as transparency.

Ready when you are

Get a straight read on your practice's numbers.

A free practice review: your last accounts, your margin against the CMA's own sample of independent practices, and what the remedies do to your pricing. If we cannot add anything, we will say so.

The veterinary practice finance email, once a month

One short email: what has moved on the CMA remedies, the dates coming up, and one number worth checking in your practice. No spam, unsubscribe any time.

Book a free practice review