Where are we now with quarterly tax returns!? The Government’s vision is to have a digitised tax system – that is more effective, efficient and easier for taxpayers. It will mean GP practices will be required to make quarterly submissions to HM Revenue and Customs (HMRC) and will also result […]
Category Archives: Medical
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Aug
Aug
THE subject of pension provision and tax liabilities are intertwined as never before following the continued reduction of the Annual Allowance for pension contributions, as well as the commencement of a tapered allowance for those with “adjusted” annual incomes in excess of £150,000. As ever with tax and pensions, it […]
Currently medical doctors, dentists and other health professionals, authorised under the Human Medicines Regulations 2012, can prescribe medication. Registered pharmacists or others with similar authorisation are already permitted to dispense zero-rated drugs and medicines to individuals for their personal use on prescription. From 21st May 2014, physiotherapists and podiatrists have […]
In a recent survey, nearly 1 out of 3 businesses said that they were completely unaware of the new Employment Allowance, which came into effect this week. The Employment Allowance will allow eligible businesses to reduce their National Insurance bill by up to £2000. However the Allowance is not […]
The government has today set out the pay awards for over one million public sector workers in line with the policy of a one percent pay rise in 2014-15. The following independent Pay Review Bodies (PRB) were asked to examine how a one percent pay increase could be applied […]
David Walker of Moore and Smalley looks at the new forms of protection in relation to the reduction in the Lifetime Allowance (LTA) from April 2014. The LTA is the maximum amount of tax relieved pension savings one may make in a lifetime. If you go over the prescribed limit […]
Changes to the GP contract from April 2014 are understandably causing a lot of concern to GPs. The shake-up to the QOF and the Minimum Practice Income Guarantee (MPIG) are probably the most significant for many. However the changes to the seniority payments. in particular, are provoking a lot of […]
On 15 November 2013 the BMA’s General Practitioners Committee (GPC) and NHS Employers (on behalf of NHS England) announced changes to GMS contractual arrangements applicable from April 2014. An agreement had been reached a little further in advance of the implementation date than the 2013-14 imposed contract changes. However the […]