Treasury clamps down on NHS tax dodge

Treasury clamps down on NHS tax dodge

NHS trusts warned not to hold back on PAYE and NI payments

Plans by NHS trusts to delay paying tax and NI contributions to make their
books look healthier have been slammed by the Treasury.

Plans to delay payments would have removed expenditure from its 2005/2006
balance sheet, according to The Guardian.

But Treasury ministers were understood to be concerned that the tactic would
have misrepresented NHS forecast net deficit of £623m.

A Treasury spokesman told the paper that all public organisations have an
obligation to pay tax. Trusts have a responsibility to pass on staff’s PAYE tax
and NI contributions.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article