,our
new service, reflects the increased emphasis placed by
HM Revenue & Customs
(HMRC) on compliance and represents a significant move
away from the traditional
VAT services currently being offered to the NHS. The benefits
of using are:-
-
Full compliance every return period instead of annual compliance checks;
-
VAT is validated in the correct time, form and manner, therefore removing one of the concerns that can arise from a visit by HMRC;
-
The Trust’s Monthly Cash flow can be maximised and financial planning can be more accurate;
-
VAT Liaison becomes responsible for ensuring that the correct figures are recorded on your VAT Return. In the past Advisors have not followed through to this degree and often additional recovery identified during a refund direction review never made it on to the Return;
-
An NHS Trust can learn much quicker as the validation exercise will occur more frequently.
VAT planning opportunities are often lost because the schemes/contracts pass unnoticed until it is too late and the submission dates for correspondence to HMRC are missed. Therefore, as part of the monthly visits, in addition to Finance, we would meet with the different departments who are affected by VAT, such as Estates and Supplies, to find out future plans for the months and years ahead.
Refund Direction Items - Section 41 VATA 1994
Please click here to see a full list of refund direction services eligible for VAT recovery. To request your own copy of this list please send an email to mail@vatliaison.com.
Services provided by VAT Liaison
To see other services we provide related to the NHS click here.
These include Strategic Services, Corporation Tax, the Lennartz Mechanism and many more...
NHS Case Studies
To see how our services have helped our clients, click here to see our case studies.