Chartered Accountants in Huddersfield

30 July 2020: Examine how the healthcare sector is transforming and stay up to date with expert technical insight in this online conference from ICAEW.

Making Tax Digital (MTD) was first talked about almost five years ago now by HMRC as they believe avoidable mistakes by the taxpayer is costing the Exchequer billions each year. In fact, they have estimated this figure at £8.5 billion in the 2018/19 tax year alone.

After delays due to COVID 19, the New to Partnership Payment Scheme is open for applications from 1 July 2020.

The main 2019/20 GP Cert and supporting guidance is now on the NHS website.

You may have seen a recent announcement by HMRC that a temporary zero-rate of VAT has been introduced for the supply of PPE. This is directly relevant to suppliers of PPE and to their customers who typically will be unable to recover any VAT charged on the purchase of the equipment.

Webinars and other recordings for Healthcare Community members.

Many practices have been collaborating to provide services to their patients. Some of these arrangements have been on an informal basis such as clusters, or a loose federation or alliance and others have been more formal such as a Corporate Federation. The 2019/2020 GP contract formalises this collaborative working within the Primary Care Network Contract.

As accountants it will be our responsibility to account for the income and expenses that will flow through the PCN bank account and then accurately attribute the share of any potential surplus or loss to the participating practices and ultimately the partners.

HMRC has always seen the private use percentages for motor as an easy target during their enquiries, but now it is putting the spotlight on the mileage of those in the healthcare sector.

With primary care trusts (PCTs) imminently required to put leases in place for GP surgery premises, what potential issues arise?