VAT is one of those significant challenges, namely because CICs fall outside of the NHS’s VAT grouping and are not afforded many of the VAT advantages offered to direct Government Departments or Charities.
Due to this consequence, it is wholly appropriate and prudent to engage leading professional advice in order to mitigate future liabilities and to assist with the most beneficial business structure within the confines of all other considerations.
Berthold Bauer works with many Healthcare CICs to help them realise new and substantial VAT recoveries, to mitigate VAT costs and to ensure compliance.
We have encountered many CICs who, as a healthcare provider, mistakenly believe they have no requirement to be VAT registered. This is often incorrect. Far from being a new administration consequence, identifying VAT recovery routes can greatly assist with budgets and provide new financial savings.