Care England is hosting a webinar on Thursday 19 January 2023 from 2-3pm, on the subject of the VAT-efficient provision of welfare services.
The webinar is aimed at raising awareness of how care providers can restructure their organisations for the provision of welfare services to enable VAT recovery on publicly funded contracts. We are in increasingly challenging financial times due to the central government funding of adult social care on top of the cost-of-living crisis nationally. Restructuring the provision of welfare services is a solution to recover input VAT for care providers on Local Authority and NHS-funded contracts only, which would add at least 3-5% to the bottom line and subsequently EBITDA.
Care England will be joined by Grant Thornton UK LLP who will be presenting the webinar and will provide an overview of the VAT opportunity and answer any questions you may have. Grant Thornton has been working in collaboration with Care England to raise awareness of this opportunity for several years and has worked with a number of Care England members to implement the restructuring.
Not all local authorities and NHS bodies currently permit VAT recovery, however, close to 50% do, and as such we see a significant amount of additional funding which can be made available to your organisation to help offset some of the cost pressures providers are facing now. We believe that increasing the number of requests from providers will support the argument for VAT recovery in all local authority and NHS areas.
We hope you will join this webinar and consider if this VAT opportunity is something your organisation would like to consider further. The webinar is not a sales opportunity, but instead an opportunity to raise awareness, share knowledge and provide an update on the current regulatory landscape. All materials will be shared after the session, with those who are interested, together with contact details for Nick Garside and Emma Lomas of Grant Thornton UK LLP.
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