Superannuation tax relief muddle
Employers' superannuation contributions for GP partners will be tax deductible, the BMA believes.
GPC negotiators said they had been advised that partners would be able to claim tax relief on the payments, 'even in a worst-case scenario'.
But negotiators demanded the Department of Health and HM Revenue and Customs release official guidance confirming the position.
The GPC said there was an 'urgent' need for clarity on the issue to enable GPs and their accountants to accurately complete tax returns and superannuation certificates.
The two Government departments have been at odds over the issue. The resulting delay in issuing guidance has put GPs at risk of missing the 31 January deadline for practice accounts.
Tax relief could be worth £5,000 for a GP with superannuable profits worth £90,000 per annum.