An integrated approach to navigating the NHS’s ever-changing financial landscape.
We are pleased to announce that we have negotiated tax investigation insurance for our PCN clients. The insurance will cover an investigation by HMRC into the finances of PCNs, including the taxation of Clinical Directors and any surplus or deficit made the PCN. Unlike some tax investigation policies, the investigation will be handled by the team at Ramsay Brown, and not a tax representative …
Tax Investigation Insurance for Primary Care NetworksRead More
During this crisis we appreciate the extra pressure which our doctors and healthcare workers are experiencing. We at Ramsay Brown can be relied upon to continue to support our clients with a full advisory service. We have the technical set-up for all our team to work remotely away from their desks with full access to all …
Making alert to the tricks used by fraudsters. HMRC is urging people to be alert to the tricks used by fraudsters to persuade them to give away personal details. The tax authority is processing tax refunds for 2018-19 and will only tell taxpayers about refunds by post or through tax calculation, P800 under PAYE. It …
The rules for individuals providing services to the public sector via an intermediary such as a Personal Service Company (PSC), changed from April 2017. The new rules shifted the responsibility for deciding whether the intermediaries’ legislation applied, known as IR35, from the intermediary to the public sector receiving the service (also known as the engager). …
When you sell or dispose of your own home including garden or grounds within the permitted area (in the UK or Abroad) you won’t have to pay any Capital Gains Tax (CGT) if the property has been your only or main residence throughout the period of ownership. To protect gains made by individual in certain …
Changes in the Principal Private Residence (PPR) Relief from April 2020.Read More
The newsletter above just received by me suggests that member of the NHS pension scheme should be able to get updated Total Rewards Statements that will not only give the member an up to date suggestion of their pension but also the proximity to the lifetime allowance and the effect on the annual allowance. At …
Updated Total Rewards Statements should now be available from the NHS Pensions AgencyRead More
The Department of Health announced today (7 August 2019) that they will be consulting over a new set of proposals which will give high earning doctors subject to the Annual Allowance Charge flexibility over the amount they put into their pensions. The proposal is that the same percentage of income chosen to be pensioned will …
New Plans to Help High Earning Doctors with their Pension Annual Allowance ChargeRead More
Bank accounts For good financial governance, we recommend you have a separate PCN bank account, which the members of the PCN have access to. However currently SBS can only have one registered bank account per entity. Therefore, you will need the funds to go into the registered bank account of the nominated payee, and then …
Despite recent changes that have made working through a limited company far less attractive than before, many GPs, including recently qualifieds starting to work in general practice, choose to work as a limited company. The purpose of this article is to give a full explanation of how limited companies work and if they are appropriate …
