Medical

We summarise the key tax updates for medical professionals from the annual ICAEW Healthcare Conference.

George Crowe, Senior Manager and specialist medical accountant, looks at the new pay scales for NHS consultants. He highlights how an increase in pay could come with some unwanted tax burdens and how to make the most of personal allowances. 

Our medical accounting team discuss the key changes in the new 2024 Premises Costs Directions.

Medical specialist, Jo Benton, explains GP seniority payments and the actions practices need to take to make sure calculations have been made correctly.

Louise highlights a number of things that medical practices can do to make sure that the annual accounts preparation runs smoothly and to reduce the number of queries the accountant may ask.

NHS England wrote to all GP practices in England on 28 February, setting out the “final arrangements” for the upcoming financial year. Andrew Burwood, specialist medical partner at Larking Gowen, reviews the proposals and gives his thoughts on the offer.

Our Medical accounting team explains which types of expenses qualify for tax relief and how to claim a deduction against your employment income.

Our Medical accounting team reminds GP practices of what they need to do to complete their annual Estimate of NHS Pensionable Profits form and how to make sure the information submitted is accurate.

Our medical accounting team discusses the inevitable subject of tax and things we can do to reduce the amount of tax payable.

Our medical accounting team discusses the pressures on NHS dental practices to remain profitable as well as the tax and pension implications of the McCloud judgement.