BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN TZID:Europe/London X-WR-TIMEZONE:Europe/London BEGIN:VEVENT UID:307@careengland.org.uk DTSTART;TZID=Europe/London:20250227T140000 DTEND;TZID=Europe/London:20250227T150000 DTSTAMP:20250214T093013Z URL:https://www.careengland.org.uk/events/grant-thornton-understanding-wel fare-restructuring-benefits-and-risks-for-local-authorities-and-councils/ SUMMARY:For Local Authorities Only. Grant Thornton - Understanding welfare restructuring: Benefits and risks for local authorities and councils DESCRIPTION:\n\nAt the request of a number of local authorities\, this webi nar has been established to discuss VAT recovery by care providers as a po ssible solution to offset national insurance cost increases from 1st April 2025.\n\nAimed at local authorities only with Grant Thornton UK LLP\, wil l be cover how welfare restructuring for VAT purposes works and discussing benefits and risks for both care providers and local authorities\, the we binar seeks to cover –\n\n Historic basis for welfare restructuring\n Welfare restructuring in practice\n Barriers to effectiveness\n Common c oncerns for LAs\n Q&\;A\n\nDuring recent calls between local authoriti es and care providers\, VAT was mentioned and some local authorities expla ined that they may reconsider if VAT welfare services restructuring is a p otential solution that care providers can use to mitigate some of the impa ct of the NICS increase without increasing costs to the local authority\, given the lack of financial support from central government.  Care provid ers could recover and equivalent of around 4% of the local authority fee\, through input VAT which is close to offsetting the 5-6% increase they wil l incur on the 1st April from NICS changes.\n\nGrant Thornton work for sev eral councils currently on an Audit basis and so are familiar with the imp act on councils.  Care Providers are not invited to this session\; it is for local authorities only and is designed to be a safe space to refresh t heir understanding and ask questions.\n\nGrant Thornton will be clear that this a prospective solution and that they do not support retrospective cl aims\, and will cover both the basic principles and the more technical poi nts attendees wish to understand.\n\nThe registration link allows attendee s to raise any questions in advance which they would like answered on the call in confidence.  There will also be an opportunity to raise questions during the session itself.\n\nThe session will be recorded and shared wit h those who register only.  A further session will be set up a few weeks after to allow local authorities to ask any further clarification question s having had time to consider the first session.  The recording will be m ade private and only accessible to those authorities who have registered a nd receive the recording link.\n\n \;\n\n \; ATTACH;FMTTYPE=image/jpeg:https://www.careengland.org.uk/wp-content/upload s/2025/02/Grant-Thornton-270225-1.png CATEGORIES:Care England,Non members END:VEVENT BEGIN:VTIMEZONE TZID:Europe/London X-LIC-LOCATION:Europe/London BEGIN:STANDARD DTSTART:20241027T010000 TZOFFSETFROM:+0100 TZOFFSETTO:+0000 TZNAME:GMT END:STANDARD END:VTIMEZONE END:VCALENDAR