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BBVAT Webinar Wednesday March 6th covering the new partial exemption rules for NHS bodies

by Berthold Bauer on February 20, 2024

BBVAT Webinar Wednesday March 6th 2024 at 10am

With seven weeks to go before new partial exemption rules for NHS bodies go live, are you ready?

To support our clients and contacts through what could be a challenging period, BBVAT are hosting a webinar to discuss the upcoming changes, and what all NHS bodies will need to do to comply.

Sign up for our webinar here >>

In October HMRC issued its NHS Statement of Practice (SoP) document regarding Partial Exemption, setting out that HMRC will no longer accept certain practices from 1st April 2024 (our detailed analysis of the SoP can be found here).

What does this mean for my Trust?

In summary NHS Bodies will need to apply a partial recovery each month in addition to the partial restriction already undertaken.  Compliance with the rules is mandatory.  For most NHS bodies this means putting additional procedures in place – complying will in turn create additional burdens on already stretched finance teams.   In many cases, Trusts simply do not have the expertise in house to comply with the rules and have limited time to upskill their team to be compliant before 1st April 2024.

Our NHS VAT experts will:

  • Comment on the technical background to the SoP and what HMRC aim to achieve with their clarification;
  • Highlight what you will need to do in order to comply with the rules;
  • Assist you to understand whether your existing processes are fit for purpose, or need to be changed;
  • Set out practical issues we envisage, and how these may be overcome;
  • Answer your questions, both sent to us before the event, and those submitted live.

 

Sign up for our webinar here >>

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Berthold BauerBBVAT Webinar Wednesday March 6th covering the new partial exemption rules for NHS bodies

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