Reviews & Planning
Revenue Payment Reviews
Although NHS & Government organisations endeavour to identify all recoverable VAT under the specific contracted-out services rules, potential errors and inconsistent treatment can occur for the following reasons:
- large volumes of purchase invoices
- time pressures on staff
- staff responsibility changes
- legislation changes
- supplier changes
- use of bulk processing centres
We can therefore assist with VAT compliance with a view to making a voluntary disclosures to ensure that you maximise VAT recovery under the contracted-out services rules. Furthermore, we can provide these reviews regularly (either monthly, quarterly or every six months) so that you benefit from improved VAT cash-flow.
Capital Planning
We take a strategic approach to reviewing capital schemes, firstly in order to gain a full understanding of the nature and use of each scheme, and secondly to ensure that all priced documents and other supporting information is clear and concise in order to maximise VAT recovery potential.
Where appropriate this work will involve meeting with contractors, estates staff, HM Revenue & Customs and other professional consultants (e.g. quantity surveyors) in order to ensure that the maximum levels of VAT recovery are achieved.
Business & Partial Exemption
The main activity of the NHS and other Government departments is to provide statutory services, which are not business activities for VAT purposes.
Most organisations do however engage in other activities which are considered by the Treasury to be business activities to ensure that the public sector is on a 'level playing field' with private sector business'.
Example business activities include staff and visitor catering, property rental, drug sales and private healthcare services. All of these activities give rise to further VAT complications and of course, opportunities to ensure maximum VAT savings.
We don't just apply a blanket review method to all clients but pride ourselves in producing 'tailored' business VAT recovery solutions that maximise vat recovery and reduce the impact of partial exemption.