Category Archives: Healthcare

Clarity on the implications of basis period reform

tax basis reform

As the tax season approaches you may be confused over the changes with the tax basis period reform, particularly if you have a financial year that doesn’t align with the standard 31 March or 5 April.   There has been some misunderstanding regarding whether businesses can distribute excess profits if […]

What Expenses Can You Claim As A Dental Associate?

Dentist expenses receipt

Here is a quick start guide to what expenses you can claim as a dental associate: Professional Subscriptions: Professional Indemnity – MPS, MDU, DDU, etc. General Dental Council ICO Royal College of Surgeons Dental magazine subscriptions   Training: Training courses that help you: Improve skills and knowledge you currently use […]

Staff entertaining expenses dentists need to get their teeth into

dental blog

We know that our dental clients like a party, as do we, but do you know the staff expenses tax implications of entertaining and Christmas bonuses? An annual Christmas party, or a meal and drinks out with your staff is enough to trigger a tax charge if the limits are […]

BDA warns of ‘death of NHS Dentistry’ in England without major reforms

BDA warns of ‘death of NHS Dentistry’ in England without major reforms

The British Dental Association (BDA) has warned that there needs to be a fundamental reform of NHS dentistry to address the current exodus of dentists from the service and the crisis in patient access. Thousands of dentists have left the NHS since Covid lockdowns, with almost half of dentists in […]

No funding for GPs’ increased salary costs

No funding for GPs’ increased salary costs

The Department of Health and Social Care (DHSC) has confirmed that GP practices will receive no additional funding to cover recommended pay rises for salaried GPs and other practice staff, a decision that could cost the average practice up to £40,000. The DHSC announcement follows a recommendation by the Review […]

High earning NHS workers could face huge pension tax bills

High earning NHS workers could face huge pension tax bills

High earning NHS workers, including GPs and practice manager partners, could face a £33,000 tax bill due to the way inflation is applied to their pension. The Government has rejected a call from the Association of Independent Specialist Medical Accountants (AISMA) to repeat the 2019/20 compensation scheme, which protected NHS […]

How inflation may affect NHS pension members

NHS pension

With inflation on the rise it’s important to consider pension tax charges for NHS pension members. This has been a huge issue for medical professionals over recent years, which you will be very aware of.  Many NHS pension scheme members have reduced hours, declined additional responsibilities, left the scheme or […]

NHS Pension – exit planning tips

NHS pension exit

In 2019 Robson Laidler Wealth wrote a blog entitled NHS Pensions – handy hints to plan your exit   This has been one of our team’s most viewed blogs yet since 2019 there have been a few changes, which you should be aware of.  One thing that hasn’t changed and […]

The Autumn Budget Changes to Pensions

The Autumn Budget Changes to Pensions

If you have a UK pension then you may need to be aware of three important changes that were announced in the recent Autumn Budget:   No 1.  The change to the age that you can take an income from an invested pension. We’ve been mentioning this to our clients […]

GPs given until 12 November to declare 2019/20 earnings

GP earnings

Under regulations that took effect from 1 October, GPs and practice employees with more than £150,000 in NHS earnings in the 2019/20 financial year are required to declare this income by 12 November.   The full guidance is now available and can be found here:   https://www.england.nhs.uk/publication/general-practice-pay-transparency-guidance/   The Robson […]