Blogs from Larking Gowen

From Saturday, 6 April 2024, the government removed the Lifetime Allowance (LTA) and introduced new rules for pension lump sums, including the Lump Sum Allowance (LSA). Partner, Andrew Burwood, explains what these changes mean for NHS Pension members

Senior Manager, Louise Prime, outlines the change in how pension contribution rates are calculated for NHS salaried staff during periods of reduced pay, such as maternity or sick leave.

DEFRA has reopened its Capital Grants offer with £150 million in funding for environmental improvements in England. Partner, Laurie Hill, outlines the new items available in 2025, funding limits, application guidance, and what’s next for the scheme.

Partner, Lizzy Lloyd, explores the government’s 10-year health plan for England. Covering the increased use of AI, the shift of services to neighbourhoods, and the efforts to reduce health disparities, while addressing the funding challenges involved.

VAT Director, Gillian McGill, explains what adjustments you may need to make, especially for those in the Capital Goods Scheme or Tour Operators Margin Scheme.

A practical guide for charities on how to prepare for an audit. Senior Manager, Emma Hayward, covers audit thresholds, documentation, internal controls, team readiness, and tips for working effectively with your auditor.

Electric vehicles (EVs) offer a range of tax incentives, whether you're employed, self-employed or run a company. Senior Manager, George Crowe, explores key savings through salary sacrifice, capital allowances, Benefit in Kind rates, and mileage claims – plus the potential pitfalls to watch out for.

Senior Manager in our Medical team, Louise Prime, outlines recent NHS seniority payment reconciliations by PCSE for 2016/17 to 2019/20, key deadlines, and the steps GP practices need to take.

Employment Tax Manager, Tessa Brown, explains the scope of the Construction Industry Scheme (CIS) and how businesses may inadvertently fall within it – particularly those not traditionally involved in construction.

Senior Manager at Larking Gowen, George Crowe, explains the key differences between partnership profits, taxable profits and drawings – clarifying how each figure is calculated and why they don’t always match.

The UK government has raised the financial thresholds that determine company size, effective for accounting periods starting on or after 6 April 2025. Director, James Nichols, discusses what this could mean for you.

An overview of the practical benefits of Making Tax Digital for Income Tax, including fewer errors, real-time tax visibility, better organisation, and environmental impact – plus details on penalties and voluntary testing.