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
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:
Broadcast on the announcement from NHS to help Clinicians with their 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). …
Understanding the GP Pensions Total Rewards Statement
Changes in the Principal Private Residence (PPR) Relief from April 2020.
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
Updated Total Rewards Statements should now be available from the NHS Pensions Agency
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
How using a Limited Liability Company to take over a GP practice can help with risks for the last man standing and succession
About a month ago now, I visited a large successful practice with a number of partners in their 50s, and another partner in his mid-30s. The younger partner explained his anxiety to me that when the other partners retire, he will be left with the full responsibility and the risk of running such a large practice. I visited …
New Plans to Help High Earning Doctors with their Pension Annual Allowance Charge
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
Ten Key Issues for Primary Care Networks Today
Ten Key Issues for Primary Care Networks Today 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 …