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NHS/Government Departments/Local Authority
WHO CAN BENEFIT? NHS Trusts Government Departments Local Authorities SOLUTIONS  ConsultancyCompliance Apportionments HM Revenue and Customs SPECIFIC SPECIALIST AREAS VAT efficient project procurement Building contract VAT advice Comparative building cost analyses Building usage analysis Negotiation with NHS VAT administration team CASE STUDY An NHS Trust is undertaking a major refurbishment of one of its wards and also taking the opportunity to rationalise the layout of some areas to make for more efficient operation of the department. A building contractor has priced the works at £2.8 million and professional fees are £400,000. The total VAT cost is £560,000. By virtue of the special VAT rules that apply to government departments such as NHS Trusts VAT incurred on expenditure on certain designated services may be refunded to the Trust concerned. One of the most complex areas eligible for VAT refunds is expenditure on the repair and maintenance of buildings, plant, equipment and civil engineering works. Careful analysis of building costs is essential to identifying the full entitlement to recovery particularly when handling fragmented and complex cost information. Such an analysis revealed a £350,000 VAT refund. Issues such as the availability of building contract cost information, members of the project design team, visits to the site make it vital to be involved at an early stage if the full entitlement to a refund is to be fully identified. |
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