The Autumn Statement delivered a number of commitments to the sector, including raffirming previously agreed additional funding measures such as digitising the NHS Health Check, as well as additional funding into various NHS-impacting programmes
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A recent announcement from HMRC has confirmed a delay to the introduction of MTD until at least April 2025 for bodies using the GIANT (Government Information and NHS Trusts) system to submit VAT returns.
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On Monday 9th October 2023, HMRC issued a document titled, “Partial Exemption – NHS Statement of Practice” (SoP), which is applicable to all NHS bodies and in this article we outline the key points, main considerations and actions required in order to remain compliant.
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On Wednesday 15th March 2023, the Spring Budget was delivered by Jeremy Hunt, Chancellor of the Exchequer. The Budget covered a number of measures however, we have covered a couple of key VAT updates specific to the NHS and broader healthcare sector below.
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On October 4th 2022, HMRC published a full rewrite to clarify the extent of COS Heading 65 – Training, tuition or education, which can be found here.
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HMRC have announced a further extension to the deferral period for users of the GIANT system (Government Information and NHS Trusts) to be required to join Making Tax Digital (MTD).
READ MORE HM Revenue & Customs have this week released various updates that could affect our NHS Clients, these are summarised in the sections below.
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HMRC have recently published updated guidance for some Contracted Out Service headings. Most of the changes are either minor clarifications or amendments to the heading titles. The current published guidance for all Contracted Out Services can be accessed here.
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From the 01 March 2021 HMRC’s domestic VAT reverse charge comes into force for most standard-rated (20%) and reduced-rated (5%) building and construction services.
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Whilst we eagerly await the outcome of the HM Treasury’s ‘VAT and the Public Sector: Reform to VAT Refund Rules’ paper and consultation, (in which a full-VAT refund model is to be explored) a new Treasury Directive has been released expanding the current Contracted-Out-Services (COS) direction
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