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Healthcare Community resources

Key resources for Healthcare Community members.

Brexit guidance and resources

Looking for guidance and insights from ICAEW on the end of the transition period? Find the latest updates and expert analysis at the ICAEW Brexit hub.

Sector specific Brexit transition actions

Government guidance for businesses explaining five actions they should take now, along with links to detailed sector-specific information. The guide covers the aerospace, automotive, chemicals, construction, consumer goods, electronics and machinery, life sciences, metals and materials, professional and business services, and retail sectors.

Dentists

Dental update - COVID-19

Dental practices in England were able to re-open on 8 June 2020, following appropriate risk assessments to ensure the safety of staff and patients.

Dentistry update

Since the last dental update in July 2018, there have been a number of continuing issues in the dental sector that members should be aware of.

Finance

Budget 2020 changes

Claire Hebdige, Dodd & Co Chartered Accountants, looks at measures announced in the 2020 Budget, which are aimed at limiting the effects of pensions tax charges on senior NHS staff.

MandA in care homes

Michael Butler explains why M&A in the care home sector is important right now.

GPs

Financial tips for GPs as they begin emerge from Covid-19 lockdown

All businesses will need to take lessons learned over the last few weeks into their future and our GP Practice clients, and Primary Care as a wider spectrum, will be no exception to this. So, what can we advise them to help the thought process on the financial aspects?

The NHS

2020 COVID-19 Life Assurance Scheme

Although the 2020 COVID-19 Life Assurance Scheme (which awards a death lump sum of £60k) is separate to the NHSPS it is being administered by them. In the sad event that any of your clients should die and may qualify for the 2020 COVID-19 Life Assurance Scheme they have a dedicated email address for any queries.

Pensions

Tax

Making Tax Digital for Income Tax and VAT

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.

Temporary VAT relief for personal protective equipment (PPE)

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.

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.

Care industry

Guide to researching the residential care and community care industries. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.

Dental industry

Guide to researching dentists and the dental industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.

Healthcare industry

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.

Opticians and optometrists

Guide to researching the ophthalmic and optical services industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.

Pharmaceutical industry

Guide to researching the drugs and pharmaceuticals industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.

Pharmacies

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

Pharmaceuticals in the United Kingdom

Annual MarketLine UK pharmaceuticals industry profile covering the market size, competitive landscape and forecast data for market performance.

Healthcare equipment & supplies in the United Kingdom

Annual MarketLine UK health care equipment and supplies 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.

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

Practice accounts made easy

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.

Special classes of taxpayers

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 organisations of various types.

Achieving regulatory excellence

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.

Hot topics in financial and legal matters for general practice

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 Library collection

The 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

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

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

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

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.

Introductory guide: NHS finance

Designed to give readers a solid grounding in - and practical understanding of - all aspects of NHS finance.

Useful links

2021 Global Health Care Outlook

Deloitte's 2021 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

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.

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, practical guidance, videos and webinars.

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