The 2024 Spring Budget for Doctors
Further to the Spring Budget last week, please see below a short summary which is designed to provide Doctors and NHS Consultants with an overview of how the changes introduced will affect their tax position moving forward. This article is by no means exhaustive so please do get in touch if we can provide further tax advice.
Everything you need to know about NHS Pensions
If you're a healthcare professional working in the United Kingdom, one of the most valuable benefits you receive is your NHS pension. It's crucial to understand how NHS pensions work, the contribution rates, and the potential financial value they hold.
Dental alert –Annual reconciliation and Rates reimbursements
The annual reconciliation reporting period will open shortly on compass. You will need to let your accountant have copies of the associate schedules for the year April 2022 to March 2023, in order for them to calculate the net pensionable earnings declared on the report.
Let Property Campaign
HMRC run various regimes whereby they target certain types of income, whether this be via enquiry, or to encourage voluntary disclosure.
Your overseas assets, income and gains
Recently, some taxpayers have been receiving letters from HMRC suggesting they have received overseas income or gains that they ‘may’ need to pay UK tax on.
NHS Pension Retirement Flexibilities
In recent correspondence to members, the NHS Business Services Authority (BSA) has set out details of proposed changes to the NHS Pension Scheme, aimed at introducing additional flexibility for members at retirement
Now is the time to think about doing your annual Type 2 superannuation form for 2021/22 if you haven’t done so already.
Who needs to complete a Type 2 certificate?
2023/2024 NHS Business Rates Reimbursement
If you are a dental practice owner who holds a contract for dental services with the NHS, you can apply for a reimbursement of your 2023/2024 business rates.