| For dental care professionals, GDC annual retention fees for 1 August 2014 to 31 July 2015 are due by 31 July 2014.
If you are a practice owner and pay these subscriptions on behalf of your staff, do you have a dispensation in place?
What is a dispensation?
A dispensation is a notice from HM Revenue & Customs (HMRC) that removes the requirement for the employer to report certain expenses and benefits at the end of the tax year on forms P11D or P9D. There is also no need to pay any tax or National Insurance contributions on items covered by a dispensation. It also removes the requirement for employees to submit claims for deductions against expenses previously reported on forms P11D or P9D. Once granted, dispensations last indefinitely. However, HMRC reviews them regularly (usually at intervals of five years or less) to make sure that the conditions under which they were issued still apply.
If you have any questions please contact us on 01242 680000. |