VAT on the sale and leaseback of care homes
The Supreme Court’s recent decision in Balhousie Holdings [Balhousie Holdings Ltd v HMRC [2021] UKSC 11] indicates that care home operators (and other entities such as charities and universities) may be able to use sell and lease back arrangements to finance the construction of new buildings without incurring a significant VAT penalty.
Dental Alert - Annual Reconciliation Report Superannuation 2020/21
The Annual Reconciliation Report (ARR) process is now available in Compass for all dental providers and performers. It is law to confirm Net Pensionable Earnings (NPE) for the 2020/21 financial year.
Dental Alert - Time to submit your year-end declaration in Compass
NHS England and NHS issued their Improvement's Issue 7, preparedness letter for primary dental care, it is a mandatory requirement for GDS/PDS contracts to submit a year-end declaration for 2020-21.
Coming 1 June 2021: NEW PCSE Online Payments and Pensions Service
Action required now if not already registered for PCSE online
Capital Gains Tax
While changes to capital tax on business disposal was hot on the press agenda before the Budget, there were no changes announced to the current rates of capital gains tax in the Budget for 2021.
Additional declaration required for year-end reconciliation
Dental practices are required to complete a year-end reconciliation form. The form opened for completion on Compass on 20 April 2021. You will be able to find the form in the ‘COVID-19’ menu option.
Xero Cloud Accounting for Medical Practices
What is Xero and cloud accounting?
NHS Pension - 2019/20 Annual Allowance Charge Compensation Scheme
What do I need to do?