GPs
Exclusive
HEALTHCARE COMMUNITY
Disclosure of GP earnings – how enforceable is it?
- 28 Jun 2023
- Oliver Pool
- Healthcare Community Newsletter
The law that says GPs have to declare their earnings above a certain threshold has now been brought into force. But how enforceable is it really? I wonder how many GPs will choose to comply.
Exclusive
HEALTHCARE COMMUNITY
GP Practice cashflow and sustainability
- 14 Jun 2023
- Steve Cosford
- Healthcare Community Newsletter
How GP Practice accountants need to be advising their clients, now that costs are increasing and profits are reduced.
Exclusive
HEALTHCARE COMMUNITY
Topical issues to consider for GP partnership clients
- 15 Feb 2023
- Sally Sidaway (FCCA), Medical Director, Morris Crocker Chartered Accountants
I am not sure that we have ever been in more turbulent times in Primary Care General Practice and our role in helping practices to weather the storm has never been more important than it is now.
Exclusive
HEALTHCARE COMMUNITY
Most GP practices don't need to register with TRS - but some should do
- 31 Jan 2023
- Oliver Pool, Partner, Veale Wasbrough Vizards LLP
GP practices and those acting for them will have noticed emails warning about the need to register with the new Trusts Registration Service (TRS).
The NHS
Compassionate care and a community cause
- 31 Jan 2024
- ICAEW Insights
“I absolutely love this job – there are always massive challenges and opportunities,” says chartered accountant Kerry Jackson, who was awarded an OBE in the King’s New Year Honours list.
More people are living longer: how much will it cost?
- 19 Apr 2023
- ICAEW Insights
The UK population is steadily becoming older. ICAEW examines the burden on the public purse at a time of worsening economic conditions.
Stronger-than-expected growth masks growing challenges
- 14 Jul 2022
- ICAEW Insights
Latest official GDP estimate confirms that the UK economy rebounded in May after shrinking in April, as GP appointments boost the headline figure.
Potential audit implications of salary advance schemes in the NHS
- 25 Nov 2021
- ICAEW Insights
The NAO investigation into supply chain finance found that “free” salary advance schemes for NHS employees started to have a cost after Greensill Capital’s collapse. This may have implications for the audits of NHS bodies.
Dentists
Exclusive
Associate dentist tax status changes
- Article
- 03 Jul 2023
- Tom Slevin
What the changes mean for dentists and a guide to using the CEST Tool.
Exclusive
Most GP practices don't need to register with TRS - but some should do
- Article
- 31 Jan 2023
- Oliver Pool, Partner, Veale Wasbrough Vizards LLP
GP practices and those acting for them will have noticed emails warning about the need to register with the new Trusts Registration Service (TRS).
Exclusive
Have your dental primary care clients claimed their Welsh NHS bonus?
- Article
- 27 Sep 2021
- Aaron Ferguson, Director, Berg & Williams
In March 2021, the Welsh Government announced a one-off bonus payment of £735 as a thank you for health and social care workers.
Exclusive
HMRC amend ESM4030, Employment Status Manual for dentists
- Article
- 23 Sep 2021
- Aaron Ferguson, Director, Berg & Williams
HM Revenue and Customs have recently announced that, effective April 2023, they will remove reference to the model British Dental Association (BDA) or Dental Practitioners Association (DPA) contract in ESM4030.
Pensions
Exclusive
Primary Care Support England GP Payments and Pensions Portal
- Article
- 20 Sep 2021
- Lisa Pennington, Director, MHA Moore and Smalley
Since Primary Care Support England (PCSE) launched its new GP Payments and Pensions portal in June 2021 practice managers and GPs have experienced a number of problems.
Exclusive
PCSE Online - GP Payments and pensions (GPPP)
- Article
- 19 Jul 2021
- Shirley Whittle FCCA, Director, Lentells Limited
A new online payments service from PCSE launched on 1 June 2021. The online system allows practices and GP’s working in general practice to access a range of services to help manage payments and pensions administration.
Exclusive
Reforming of Final Pay Controls – Position June 2021
- Article
- 17 Jun 2021
- Sally Sidaway, RSM UK Tax and Accounting Limited
It has been rare over the last few years that we have had good news to advise clients of in respect of the NHS pension scheme; in recent months however both the McCloud judgement and the reform of Final Pay Controls have both changed this.
Tax
Exclusive
Tax Basis Period Reform: How will this affect your clients’ practice and tax affairs?
- Article
- 29 Jan 2024
- ICAEW Healthcare Community
HMRC has been consulting on a proposed reform to the current basis period method for taxation, which applies to unincorporated businesses and LLPs. They have drafted legislation and consulted on the proposed amendments. At the time of writing, it is expected that the reforms will be fully effective from the 2024/25 tax year, with 2023/24 being a transition year. These changes will affect all sole traders, unincorporated partnerships and LLPs who currently do not prepare their annual accounts to a reference date ending between 31 March and 5 April.
Exclusive
Associate dentist tax status changes
- Article
- 03 Jul 2023
- Tom Slevin
What the changes mean for dentists and a guide to using the CEST Tool.
Exclusive
GP Practice cashflow and sustainability
- Article
- 14 Jun 2023
- Steve Cosford
How GP Practice accountants need to be advising their clients, now that costs are increasing and profits are reduced.
Exclusive
Tax Basis Period Reform: How will this affect your clients’ practice and tax affairs?
- Article
- 31 May 2023
- Lisa Pennington
HMRC has been consulting on a proposed reform to the current basis period method for taxation, which applies to unincorporated businesses and LLPs. They have drafted legislation and consulted on the proposed amendments. At the time of writing, it is expected that the reforms will be fully effective from the 2024/25 tax year, with 2023/24 being a transition year. These changes will affect all sole traders, unincorporated partnerships and LLPs who currently do not prepare their annual accounts to a reference date ending between 31 March and 5 April.
Exclusive
Additional information being requested by banks and lenders
- Article
- 29 Apr 2022
- Karen Flowers, Medical Client Director, Morris Crocker Chartered Accountants
As GP practice accountants we have always been asked to provide certain confirmation details to banks and lenders. Until recently this has typically involved completing a lender’s Accountant’s Certificate which confirms an individual’s income details, or simply sending copies of the last three years’ ‘SA302’s’ (the tax calculation that accompanies a personal tax return).
Industry guides
The ICAEW Library & Information Service has compiled a series of industry guides. You'll find a package of information on each sector, including links to market research reports, statistics, trade bodies and trade journals.
Exclusive
Care industry
- 24 Nov 2022
- ICAEW Library and Information Service
- Business and Industry Guide
Guide to researching the residential care and community care industries. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive
Dental industry
- 04 Nov 2022
- ICAEW Library and Information Service
- Business and Industry Guide
Guide to researching dentists and the dental industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive
Healthcare industry
- 21 Aug 2023
- ICAEW Library and Information Service
- Business and Industry Guide
Guide to researching the healthcare industry, including medical practices, other healthcare practitioners and support services. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive
Opticians and optometrists
- 16 Dec 2020
- ICAEW Library and Information Service
- Business and Industry Guide
Guide to researching the ophthalmic and optical services industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive
Pharmaceutical industry
- 13 Sep 2022
- ICAEW Library and Information Service
- Business and Industry Guide
Guide to researching the drugs and pharmaceuticals industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive
Pharmacies
- 12 Sep 2022
- ICAEW Library and Information Service
Guide to researching pharmacies including quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Market research
The Library & Information Service provides access to industry profiles and market reports as a benefit of ICAEW membership. See our Industry guides for a more comprehensive selection of market research resources for the care industry, dental industry, healthcare, opticians and optometrists, pharmaceutical industry and pharmacies. If you are unable to access a report, please see our Online resources troubleshooting or contact library@icaew.com.
Exclusive
Healthcare providers industry profile: United Kingdom
- 01 Apr 2023
- MarketLine
Annual MarketLine UK healthcare providers industry profile covering the market size, competitive landscape and forecast data for market performance.
Exclusive
Healthcare providers industry profile: Global
- 01 Apr 2023
- MarketLine
Annual MarketLine Global healthcare providers industry profile covering the market size, competitive landscape and forecast data for market performance.
Exclusive
Healthcare providers industry profile: Europe
- 01 Apr 2023
- MarketLine
Annual MarketLine European healthcare providers industry profile covering the market size, competitive landscape and forecast data for market performance.
Exclusive
Pharmaceuticals Industry Profile: United Kingdom
- 01 Feb 2023
- MarketLine
Annual MarketLine UK pharmaceuticals industry profile covering the market size, competitive landscape and forecast data for market performance.
Terms of use
You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
eBooks
The Library & Information Service provides a hand-picked collection of eBooks as a benefit of membership. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com.
Exclusive
LIBRARY
Special classes of taxpayers
- 2022
- Malcolm James
- Spiramus
This chapter covers the schemes, reliefs and special rules pertaining to classes of taxpayers not covered elsewhere in this work. This includes the Construction Industry Scheme and rules for small businesses, charities and various types of occupations.
Exclusive
LIBRARY
Practice accounts made easy
- 2019
- Ann Tudor
- Scion Publishing
This book is to provide GPs with a straightforward and clear explanation of what makes up their practice accounts and what they should expect to see. It also explains how the figures interact and should be interpreted. It looks at the medical practice from a business perspective to help GPs understand the commercial aspects of their medical activity. Additionally, the book includes explanations of how the UK tax system applies to GPs and considers relevant aspects of the NHS Pension Scheme.
Exclusive
LIBRARY
Achieving regulatory excellence
- 2016
- Cary Coglianese, Jim Ellis
- Brookings Institution Press
Whether striving to protect citizens from the ravages of financial fraud, climate change, inadequate health care, or the risks of the emerging sharing economy, regulators are often tasked with seemingly impossible missions and even competing mandates.
Exclusive
LIBRARY
Hot topics in financial and legal matters for general practice
- 2015
- Mike Gilbert, Oliver Pool, Ben Willis
- Royal College of General Practitioners
A guide to financial and legal issues for GPs and managers of medical practices.
Terms of use
You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
Books in the ICAEW Library collection
The ICAEW Library & Information Service holds a print collection of over 45,000 books and around 160 current professional journals. For information on borrowing books from the Library please contact us or see our guide to book loans.
Finance aspects for medical doctors: a practical approach
- Library book
- 2022
- M.B.Khatri
- PKA Books
Intended for use by GPs, practice managers and accountants, this book covers topics including employment and self-employment, tax saving measures, consultants earnings from private practice, pension contributions, IR35 and types of contracts.
Practice accounts made easy
- Library book
- 2019
- A.Tudor
- Scion Publishing
A straightforward and clear guide to accounts for GPs. Chapters are: introduction to practice accounts; profit and loss account; balance sheet; profit allocation; fixed assets; capital and current accounts; specialist medical accounts; how GPs get paid; taxation; and NHS pension scheme.
Employment status: a tax guide
- Library book
- 2019
- D.Kirk
- Claritax Books
This book guides the reader through the extensive and apparently contradictory case law on employment status. The special cases section includes information on the entertainment, sport and media sector, farming sector, legal sector and healthcare professionals.
VAT and the NHS: a technical guide
- Library book
- 2016
- M.Kaney
- Spiramus
This book helps identify all of the VAT issues relevant to the NHS and, in a logical analysis, explains these from an NHS compliance perspective and in relation to the organisational activities of the NHS.
Useful links
2024 Global Health Care Outlook
- Website
- Deloitte
Deloitte's 2023 Outlook reviews the current state of the global health care sector, exploring trends and issues impacting health care providers, governments and patients.
Accounting for the healthcare profession
- Listing
- ICAEW Library and Information Service
Accounting for the healthcare profession and NHS is a specialist area that requires expertise and an understanding of the industry. On this page you can access a range of articles, books and online resources providing quick links to practical guidance and background knowledge.
Calculating doctors' expenses (Self Assessment helpsheet HS231)
- Website
- HM Government
Gov.uk guidance on calculating the business profits of doctors and medical practitioners involved in a partnership.
One NHS Finance
- Website
- Future-Focused Finance
A national programme designed to support those working in NHS finance. A range of free resources are available, including documents and reports, the Finance Innovation Forum, practical guidance, videos and webinars.
Road to Recovery (Fourth Edition): Journey towards financial sustainability for integrated care systems
- Website
- PWC
A June 2022 PWC report tackling how UK healthcare systems can balance operational recovery with financial sustainability given the extensive pressures, whilst also capitalising on new opportunities and different ways of working.
Terms of use
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.
Thought leadership
Our thought leadership is intended to change thinking and behaviour. We want to help our members do their jobs as best they can. Ultimately, this will enable a world of sustainable economies.
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