TITLE

How to maximise your VAT reclaims

AUTHOR(S)
Armstrong, Faye
PUB. DATE
November 2007
SOURCE
GP: General Practitioner;11/23/2007, p53
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses how to calculate general practitioner's (GP) value added tax (VAT) reclaims. It is stated that in order to calculate this VAT-able income, the practice must first split off the VAT-exempt administered drugs. When the drugs are reimbursed by the Prescription Pricing Division (PPD) of the National Health Service of Great Britain, the statement shows the VAT allowance on administered drugs. GPs can use any method of apportionment that gives a fair result.
ACCESSION #
27709590

 

Related Articles

  • VAT and PFI: the waiting is over. Lodge, Richard // Public Finance;05/17/96, p14 

    Reports about the published changes to the rules under which the National Health Services (NHS) of Great Britain can reclaim Value Added Tax (VAT) on private finance initiative projects. Changes relevant to the NHS; Traps within the changes; Highlights of the changes.

  • NHS trusts campaign for change to VAT rules. Ward, Seamus // Public Finance;09/19/97, p3 

    Reports that British National Health Service (NHS) trusts and the Liaison VAT Consultancy have launched a campaign to allow hospitals to appeal against the interpretation of valued-added tax (VAT) regulations by Customs and Excise officers. Citing of trusts' losses from incorrect application of...

  • Boiler house VAT bills could run into millions. Brown, Steve // Public Finance;08/04/95, p5 

    Focuses on efforts of the Great Britain Custom and Excise Agency to recover Value Added Tax (VAT) from the National Health Service trusts. Prohibition of trusts from entering into contracts if the only benefit was a VAT saving; Inquiry on the contract energy management schemes; Validity of...

  • NHSE appeals over VAT rules.  // Public Finance;10/18/96, p5 

    Focuses on the appeal of Colin Reeves, executive finance director of National Health Service Executive (NHSE) of Great Britain to give the health authorities and trusts a grace period before the value added tax (VAT) rules are applied. Details of the VAT rules; Disadvantages of the rule for NHSE.

  • New time limit could scupper VAT refunds. Ward, Seamus; Wild, Damian // Public Finance;07/26/96, p6 

    Reports on the time limit on retrospective value-added tax (VAT) refund claims imposed by the councils and National Health Service (NHS) trust. Statement of Colin Ager of the Chartered Institute of Public Finance and Accountancy (CIPFA) on the VAT claim; Comment of Richard Lodge of National...

  • VAT change could cost GPs pounds 4,000. Bostock, Nick // GP: General Practitioner;10/7/2005, p8 

    The article reports that non-National Health Service (NHS) earnings could be slashed by up to £4,000 per partner for some general practitioner (GP) practices in Great Britain, because European law could make them subject to value added tax (VAT). In the country, non-NHS work undertaken by...

  • Three-quarters of GPs facing VAT registration sting on non-NHS work.  // Pulse;11/12/2005, Vol. 65 Issue 44, p3 

    Reports on the plan of the British government to implement a European court ruling to register general practitioners under value-added tax. Turnover of medical practices required to register; Likelihood for the move to cause an increase in workload and profits of general practitioners; Stand of...

  • VAT registration - the facts.  // Pulse;11/12/2005, Vol. 65 Issue 44, p3 

    Provides facts about the registration of general practitioners for value-added tax in Great Britain. Turnover of practices required to register; Opportunity given to smaller non-registered practices to undercut.

  • WHAT THE NEW VAT RULES WILL MEAN FOR YOU. Smith, Rosemary // Pulse;5/17/2007, Vol. 67 Issue 19, p33 

    The article reports on the judgment made by a European Court of Justice to amend the value added tax (VAT) exemption for some non-National Health Service (NHS) services in Great Britain. The ruling justifies that if the principal purpose of medical service is health protection and maintenance of...

Share

Read the Article

Courtesy of AIRBUS FRANCE S.A.S.

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics