The tax will hit income from non healthcare trading activities such as running a shop or charging for car parking spaces.
Shadow Tory chancellor Oliver Letwin claimed that if all 25 proposed foundation hospitals do as well as Moorfields Hispital, which applied for foundation hospital status last year, it would bring in £4m for the Treasury from 25 foundation trusts.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham
Drastically fewer offices for HMRC in the hope to reduce their running costs