NHS Superannuation Certificates
NHS Superannuation Certificates are available to download from NHS Compass.
Are your GP Surgery freehold title deeds up to date?
In England and Wales, it is only possible for a maximum of four persons to be listed as the legal owners of land/property with the Land Registry. Where land/property is held by more than four persons, section 34(2) of the Law and Property Act 1925 provides that the land is to be held in trust for the benefit of all persons who have a beneficial entitlement to the land/property.
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.
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.
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.
Xero Cloud Accounting for Medical Practices
What is Xero and cloud accounting?
Superannuation collections and the importance of checking your Open Exeter statement every month!
Each year a Practice is required to submit to PCSE by 1 March an ‘Estimate of Pensionable Profits’ form for the forthcoming pension year commencing on 1 April.
Have you checked that your NHS Pension record is up to date and accurate?
The NHS Pension scheme is considered one of the most generous in the UK and is a substantial benefit for its members.