VATplus season generates over £14million for the NHS
Liaison Financial’s Business Development Director, Melanie Dickson, shares the results of this year’s ‘VATplus season’...
26 September 2024
August sees the end of what we at Liaison Financial like to call ‘VATplus season’, when all our annual VATplus re-reviews are submitted, and we see the results of the hard work of our incredible VAT advisors.
Our VATplus reviews are a secondary VAT re-review completed for NHS organisations that use a different VAT supplier for their day-to-day VAT advice. Applying the same process as our VAT service, VATflow, and having a competitive advantage from the extensive experience and knowledge of our team of VAT expert advisors, we re-review an NHS organisation’s transactions to identify additional VAT, so that it can be reclaimed before the HMRC annual August deadline.
We completed 46 reviews across Acute Hospitals, Community Care, ICBs, Health Boards and Mental Health Services across the NHS, with recovery ranging from £4,000 to £4.2million, an average of approximately £320,000 per review and collectively, recovery of more than £14million to be reinvested into the organisations – savings which would otherwise have been lost.
In addition to the savings generated, the organisations also received the added benefits of guidance and advice from our Client Services team, webinars, VAT Conferences, and our bespoke Training Portal.
To find out if we can find additional VAT savings for your organisation in 2024/25, please get in touch.