Pharmacy News

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Additional Funding Available for Pharmacies

Additional Funding Available for Pharmacies

Community pharmacies that meet certain requirements will be entitled to claim additional funding of £1,630 per contractor through the Pharmacy Quality Scheme. There are 14 requirements that pharmacies will need to meet to be eligible the Pharmaceutical Services...

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...

Hawsons are here to help COVID-19

Hawsons are here to help COVID-19

During this difficult time Hawsons are here to help and support their clients as best they can The Government has announced new measures to help businesses through this difficult time. The first being the tax helpline to support businesses affected by coronavirus. If...

NHS England will protect pharmacies income

NHS England will protect pharmacies income

NHS England will protect pharmacies income in the Covid-19 pandemic The CEO of NHS England and the NHS chief operating office have announced that community pharmacies in England will be protected during the COVID-19 pandemic. Guidance on claiming the additional...

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...

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...

Category M prices are set to increase from August.

Category M prices are set to increase from August.

Category M reimbursement prices will increase by £15 million a month from August 2019 while the single activity fee (SAF) will increase to £1.27, the Pharmaceutical Services Negotiating Committee (PSNC) has announced. This is to correct a predicted shortfall in the...

Making Tax Digital and VAT: are you ready?

Making Tax Digital and VAT: are you ready?

Making Tax Digital VAT: are you ready? Making Tax Digital (MTD) will commence in April 2019 under the current Government timetable.  Initially this will only be for VAT purposes, with the wider roll out of MTD having been delayed until the system has been shown to...

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.  ...

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...

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...

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...

Pharmacy funding proposal rejected by PSNC

Pharmacy funding proposal rejected by PSNC

The Pharmaceutical Services Negotiating Committee (“PSNC”) have rejected the proposed 2016/17 funding package by the Department of Health (“DH”). The package included cuts to pharmacy funding which could see patients suffer as a result…

New polymer banknotes start circulation with £5 note

New polymer banknotes start circulation with £5 note

New polymer banknotes start circulation with £5 note The 13th September marked the first day of the brand new polymer banknotes being issued. The £5 note is the first of the banknotes to be launched in England and Wales. The polymer made banknotes are much more...

Brexit: tax implications as the UK votes to leave the EU

Brexit: tax implications as the UK votes to leave the EU

Brexit: tax implications as the UK votes to leave the EU From the argument over selling bendy bananas to the threat of an emergency Budget, the EU referendum campaign has undoubtedly had its share of the headlines over the past couple of months. The biggest headline...

£17m funding available for training in the Sheffield City Region

£17m funding available for training in the Sheffield City Region

£17m funding available for training in the Sheffield City Region  Do you know about the new Skills Bank for the Sheffield City Region? The Skills Bank is a government/LEP initiative aimed at workforce training and development in the Sheffield City Region. It is a £17m...

General Practice Forward View – an accountant’s perspective

General Practice Forward View – an accountant’s perspective

General Practice Forward View - an accountant's perspective The much anticipated "rescue package" for general practice has now been published and sets out plans to tackle historic underfunding, the recruitment crisis, red tape and unnecessary GP workloads, in a...

Pharmacy global sum funding 2016/17 set to fall considerably

Pharmacy global sum funding 2016/17 set to fall considerably

Pharmacy global sum funding 2016/17 set to fall considerably  The government has announced plans to reduce the amount of funding for community pharmacies for 2016/17. In an open letter last month the Department of Health (DH) told the Pharmaceutical Services...

National Living Wage – The impact on small businesses

National Living Wage – The impact on small businesses

National Living Wage - The impact on small businesses The government has announced the introduction of a new National Living Wage (NLW) for working people aged 25 years and above. The NLW is effectively another higher age band of the National Minimum Wage (NMW)....

Tax Rates and allowances 2015/16 – summary and details

Tax Rates and allowances 2015/16 – summary and details

Tax Rates and Allowances 2015/16 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2015/16 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...

Confidential information security warning for health sector

Confidential information security warning for health sector

Healthcare professionals and managers working in the Sheffield region are being warned of the grave consequences of allowing confidential patient or staff data to go astray. Damaged reputations and fines of up to £500,000 could result from breaches of information...