Additional declaration required for year-end reconciliation
Dental practices are again this year required to complete a year-end reconciliation form. The form opened for completion on Compass on 6 May 2022. You will be able to find the form in the ‘COVID-19’ menu option.
General Practice Pay Transparency
NHS England and Improvement have issued an update on the delay to the implementation of general practice pay transparency.
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 2021 to March 2022, in order for them to calculate the net pensionable earnings declared on the report.
Proposed NHS pension changes
The NHS Pension Scheme is designed to offer significant value in retirement to people who have chosen to dedicate part, or all, of their careers to serving the public through the NHS.
Dental associate contracts
HM Revenue & Customs (HMRC) have recently announced a change to their policy and approach in respect of dentistry and self-employed status for associates.
NHS Superannuation Certificates
NHS Superannuation Certificates are available to download from NHS Compass.
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.
Coming 1 June 2021: NEW PCSE Online Payments and Pensions Service
Action required now if not already registered for PCSE online