GP practice news

Tax Rates and Allowances 2022/23

Tax Rates and Allowances 2022/23

Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...

Spring Statement 2022

Spring Statement 2022

Spring Statement 2022 Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022. In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the...

GP contract changes criticised by the profession

GP contract changes criticised by the profession

Health leaders have been criticised by GP’s for pushing through contract changes without the backing from the profession.   What are these changes? On 1st March, NHS England published a letter highlighting changes to the 2022/23 GP contract. There are two main...

NHS Pension contribution changes pushed back

NHS Pension contribution changes pushed back

The government has announced that planned changes to NHS Pension Scheme contributions will be delayed until October after originally expected to be implemented from April.   What are the proposed changes to the NHS pension scheme? From October members of the NHS...

Autumn Budget 2021

Autumn Budget 2021

Budget 2021 The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to "build back better" with ambitions to level up and reduce regional inequality. Main Budget proposals Tax measures include: a new temporary...

GPs faced with tax assessment period changes

GPs faced with tax assessment period changes

The government has published draft legislation outlining simplified tax reporting for self-employed, sole traders, and partnerships in cases where the year-end does not fall on 31 March or 5 April. These proposed changes will affect GP partners and self-employed...