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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HMRC announce further delay to the introduction of MTD for NHS Bodies
by Berthold Bauer on October 26, 2023Welcome news as HM Revenue & Customs postpones the introduction of Making Tax Digital for VAT (‘MTD’) for NHS Bodies until April 2025
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.
READ MORENHS bodies ‘Statement of Practice’ for Partial Exemption
by Berthold Bauer on October 26, 2023HM Revenue & Customs announce changes to Partial Exemption submissions by NHS Bodies from 1 April 2024 – Is your Trust compliant?
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.
READ MORESpring Budget: VAT for the Healthcare and Medicine Sector
by Berthold Bauer on March 17, 2023On 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.
READ MOREHMRC update of COS Heading 65 – Training, tuition or education
by Berthold Bauer on October 7, 2022On 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.
READ MOREMaking Tax Digital (MTD) – GIANT
by Berthold Bauer on July 26, 2021HMRC 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 MOREImportant HMRC Updates & NHS Impact
by Berthold Bauer on March 25, 2021HM Revenue & Customs have this week released various updates that could affect our NHS Clients, these are summarised in the sections below.
READ MORECOS headings update
by Berthold Bauer on March 1, 2021HMRC 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.
READ MORENHS Domestic Reverse Charge in Construction
by Berthold Bauer on February 23, 2021From 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.
READ MORENew Contracted-Out-Services Headings
by Berthold Bauer on November 5, 2020Whilst 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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