Our Health Care team examines tax implications and opportunities for businesses in the sector amidst the Spring Budget, the Tax Year End, and potential General Election.
Tim Godfrey, Partner and Head of Healthcare discusses some of the current topics and challenges facing the social care sector and how these might be addressed.
An increase in taxes on share dividends of 1.25% as well as an increase in the rate of NICs by 1.25% has been announced to help raise money for Social Care Reform.
Zero-rate VAT will apply to sales of personal protective equipment (PPE) for Covid-19 from 1 May 2020 until 31 October 2020, three months longer than expected.