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Tax Rates 2020/21

Tax Rates 2020/21

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...

Bank of England Update for Businesses and Households

Bank of England Update for Businesses and Households

Bank of England Update for Businesses and Households During this difficult time for businesses and households, the Bank of England has put together a list of sites where you can find the latest updates from the Government. The following has been circulated by the bank...

Boris’ plan for the NHS

Boris’ plan for the NHS

Boris’ plan for the NHS After winning the general election last month Conservative leader Boris Johnson has confirmed that the NHS would be a top priority for the government. The Conservative manifesto stated that the NHS budget will increase by £33.9 billion by...

Hawsons makes history after 165 years in business

Hawsons Chartered Accountants is 165 years old Hawsons Chartered Accountants was founded in the city of Sheffield in 1854 – more than 25 years before the creation of the Institute of Chartered Accountants in England and Wales – by Alfred Allott and John Hewett....

The Election Result: What are the tax implications?

The Election Result: What are the tax implications?

Tax implications of the Election Result The general election has ended and the Conservatives have secured a large majority winning 365 seats. What does this mean for tax?  How will the election result affect you or your business? Tax expert Craig Walker provides a...

Nursing shortages begin as baby boomer population retire

Nursing shortages begin as baby boomer population retire

Nursing shortages begin as baby boomer population begin to retire As the baby boomer population begin to retire, hospitals are struggling to recruit and retain nurses. According to a new survey the contributing factors are due to burnouts and violence in the...

NHS to pay doctors tax bills to avoid winter staffing crisis

NHS to pay doctors tax bills to avoid winter staffing crisis

The NHS have taken action to avoid winter treatment delays by deciding to cover all senior doctors tax bills. Senior doctors and consultants are refusing to work overtime as they are worried it could prompt a large pension tax charge. The reason for this is because if...

NHS pension tax causes doctors to cut hours

NHS pension tax causes doctors to cut hours

A report compiled by the Academy of Medical Royal Colleges (AoMRC) has shown that some NHS services are struggling to remain open as doctors cut their hours to avoid being taxed on their pensions. Doctors are often refusing additional work as the taxes on pensions can...

Government backs pension flexibility

Government backs pension flexibility

Senior doctors will have more flexible pensions under new plans launched by the government. The government argues high-earning clinicians would be able to take better advantage of pension provision and working patterns by building their NHS pension more gradually over...

State-backed indemnity scheme launched to save GPs thousands.

State-backed indemnity scheme launched to save GPs thousands.

From 1 April 2019, GPs will pay 80-90% less for their medico-legal cover due to a new state-backed indemnity scheme.  The scheme for GPs will cover all future clinical negligence claims for NHS work, however GPs will still need to maintain cover for work that falls...

Survey reveals that GP partners earn less than locums

Survey reveals that GP partners earn less than locums

Most GP Partners earn less per clinical session than locums earn at their practices. The results come from a recent survey undertaken by GPonline that showed one in seven partners earn less than non-partner doctors. Thousands of partners across the UK now work in what...

NHS England Launches review of all GP pension data

NHS England Launches review of all GP pension data

The NHS has launched a complete review of all data linked to GP pensions after they identified discrepancies between contributions and pensionable earning dating back more than a decade. However, the letter that was sent out from the BMA to GP’s said it was unclear at...

Tax Rates 2018/2019

Tax Rates 2018/2019

Introduction to tax rates 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.  ...

Autumn Budget 2017: Summary

Autumn Budget 2017: Summary

Autumn Budget 2017: Summary The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017. His report set out a number of actions the government will take including support for more housebuilding. His view is that the economy continues...

What businesses need to know about the new GDPR

What businesses need to know about the new GDPR

What businesses need to know about new GDPR The General Data Protection Regulation (GDPR) is set to come into force from May 2018. It will replace the current Data Protection Act and is the biggest overhaul of data protection legislation for over 25 years. GDPR will...

Input Tax – Beware of the pitfalls!

Input Tax – Beware of the pitfalls!

VAT expert Tony Nickson outlines the pitfalls to avoid when reclaiming input VAT. 1. Reclaims for purchases made before VAT registration It is important to ensure that the maximum amount of input VAT is reclaimed on your business expenditure. This includes input tax...

The Election result: What are the tax implications?

The Election result: What are the tax implications?

The Election result: What are the tax implications? The general election has ended in a hung parliament – the Conservative party have the most seats but do not have an overall majority. Theresa May has announced that she will form a government with the support of the...

Over the last two years GP contact with patients increased by 7.5%

Over the last two years GP contact with patients increased by 7.5%

Over the last two years GP contact with patients increased by 7.5% Over the two years from 2014/15 to 2015/16 the amount of face-to-face and telephone contact between GPs and their patients rose 7.5%, according to a leading think tank. According to data from the Kings...

Study finds two in five GPs set to quit in next five years

Study finds two in five GPs set to quit in next five years

Study finds two in five GPs set to quit in next five years  40% of GPs in South West England have stated they would quit in the next five years, GP leaders have warned. It has also been found that 70% of GPs in the region intend to reduce their patient contact time....

Premises funding cuts could be on horizon for small practices

Premises funding cuts could be on horizon for small practices

Premises funding cuts could be on horizon for small practices  Premises reimbursement for practices could be cut if they do not fit with future NHS strategy to "force the pace" of moves to larger care units, say NHS commissioners. It comes after a review that has...

Further guidance issued on the Quality Payments Scheme

Further guidance issued on the Quality Payments Scheme

NHS England has published further guidance on the Quality Payment (QP) Scheme for community pharmacists which is intended to ease the pressure faced by GP practices whilst also improving the care of patients. A brief background As part of changes to the Community...

Tax Rates and Allowances 2017/18

Tax Rates and Allowances 2017/18

Tax Rates and Allowances 2017/18 Many of the tax rates and allowances are fundamental to our business and personal lives and the most important ones for the 2017/18 tax year are summarised here. We are sure that you will find it a useful point of reference throughout...

GP contract changes 2017/18

GP contract changes 2017/18

GP contract changes 2017/18 The Department of Health (DH) and the British Medical Association (BMH) have agreed a £238m overhaul for the 2017/18 GP contract. This will see funding cover rising expenses and CQC fees as well as the unplanned admissions Direct Enhanced...

The Autumn Statement 2016 predictions

The Autumn Statement 2016 predictions

The Autumn Statement 2016 predictions  The Autumn Statement 2016 on Wednesday is set to be an important event.  It will be the Chancellor’s first opportunity to outline his plans for taxes & spending in the wake of the Brexit vote. But what tax changes can we...

CQC announce considerable increase in fees for GP practices

CQC announce considerable increase in fees for GP practices

CQC announce considerable increase in fees for GP practices Following on from our last article, 'GPs face significant increase in CQC fees', the CQC (Care Quality Commission) have recently announced the proposed increases for 2017/18, and GP leaders have labelled it...

Five-point plan to retain GP workforce

Five-point plan to retain GP workforce

Five-point plan to retain GP workforce  RCGP chairwoman Dr Maureen Baker has outlined a five-point plan in order to retain the existing GP workforce, in a letter to health secretary Jeremy Hunt. The government wants to increase the GP workforce by 5,000 by the year...

GP funding in the UK rises by 4.36%

GP funding in the UK rises by 4.36%

GP funding in the UK rises by 4.36% but is still just 8.1% of the total NHS spend GP funding in England, Wales, Scotland and Northern Ireland increased in 2015/16, with new data revealing England received the largest increase at 4.67%. However, the data also confirmed...

GMS and PMS contract funding gap falls by nearly 40%

GMS and PMS contract funding gap falls by nearly 40%

GMS and PMS contract funding gap falls be nearly 40% Following on from our article on 'What the PMS funding changes mean for your practice', official NHS data has revealed that the funding gap between GMS and PMS practices has fallen by nearly 40% in 2015/16 as PMS...

What next for the GP partnership model?

What next for the GP partnership model?

What next for the GP partnership model? The profession has changed significantly in the last 5 years, from where giving up a partnership in favour of a salaried position would have been unthinkable, to those resigning from partnerships to take up salaried roles....

GP contract changes 2016/17

GP contract changes 2016/17

GP contract changes 2016/17 The NHS Employers and the General Practitioners Committee (GPC) of the BMA have announced changes to the GMS contract in England for 2016/17, but what do the GP contract changes mean for you and your practice? The general focus of the...