The Chancellor has announced major reforms in the pension tax regime which may help GPs with significant tax bills. Although these changes will apply from the tax year 2020/21, the government has already committed to contributing back any additional pension charge paid by Scheme Pays Election for 2019/20. Therefore, GPs who have already opted out …
NEWS AND RESOURCES
The NHS’s ever-changing financial landscape can be hard to keep up with which is why we share regular updates for GPS, Primary Trusts, and Practice Owners. See our latest posts here:
Our Support During the COVID-19 Outbreak
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 …
Six Minute Guide to the March 2020 Budget
How the March 2020 Budget will affect GPs and Clinicians
Five Things To Consider For Setting Up Your Accounting Needs For 2020/21
Five key issues to discuss with your accountant in preparation for 2020/21
Five Things To Consider For Setting Up Your Accounting Needs For 2020/21Read More
Five Minute Broadcast On The Update To The GP Contact 2020/21 to 2023/24
This broadcast explains the key features of the Update to the GP Contract from the financial perspective, offering a contemporary commentary from a leading expert in his field.
Five Minute Broadcast On The Update To The GP Contact 2020/21 to 2023/24Read More
Taxation of Clinical Directors in Primary Care Networks
This broadcast looks at how the HMRC CEST tool can be used to determine and protect the tax status of PCN Clinical Directors.
Taxation of Clinical Directors in Primary Care NetworksRead More
Annual Allowance Solution Proposed By NHS For 2019/20
Announcement from NHS to Help Clinicians with 2019/20 Annual Allowance Charge
Beware: Tax Refund Scams in Email Links
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 …
Changes To Off-Payroll Working From April 2020
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). …